Assalamu alaykum,
I’m new to investing and would like to open a stocks and shares LISA - primarily for the £1000 p/y government payment.
Would I be able to invest in this? Link, and further detail is included below: https://www.nutmeg.com/socially-responsible-investing
White Paper:
“At a minimum you can expect the following securities to be excluded from funds held in Nutmeg’s socially responsible portfolios:
• Businesses with significant exposure to the tobacco industry, either as a producer or distributor
• Companies involved in the production of nuclear weapons
• Companies involved in the production of controversial weapons such as landmines, cluster bombs or chemical and biological weapons
You should note that many of the exclusions employed by the funds utilised are typically much wider in remit and also prohibit:
• Companies that produce alcohol
• Companies that produce adult
entertainment
• Companies with significant involvement in the gambling industry
• Companies with significant exposure to the civilian firearms industry, either as a producer or through distribution
• Companies that derive significant revenue from activities involving genetic modification
• Companies with significant involvement in the Nuclear Power industry
• Companies with revenue derived from fossil fuel related activities, including through reserve ownership, power generation, and production and extraction of thermal coal and unconventional and conventional oil and gas.”
Jazakumullah kheir!