There are a number of ways to invest in Pakistan’s stock market while complying with Shariah law. One way to do this is to invest in Shariah-compliant stocks. These are stocks that have been vetted by a Shariah board and deemed to be in line with Islamic law.
What are shariah-compliant businesses:
Shariah-compliant stocks are stocks of those companies that do business in the light of Islamic law. These laws are defined by Allah Almighty through his Holy Prophet Muhammad P.B.U.H. The basic rule for a business to be shariah-compliant is that they don’t work/deal in prohibited things like interest (sood)etc.
A simple example is that if a business is in the meat business then they need not deal in dead or haram/prohibited animals. Shariah-compliant stocks come under the category of halal investment.
How to find Shariah Compliant Stocks in PSX:
There are more than 500 plus Companies listed on Pakistan Stock Exchange, in order to find the shariah-compliant stock click on the link below:
There are a number of reasons why you might want to consider investing in Shariah-compliant stocks. For one, it can be a way to ensure that your investment is ethically sound. Additionally, Shariah-compliant stocks tend to outperform the overall market, meaning that you can potentially make a higher return on your investment.
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If you want to find Shariah-compliant mutual funds then click on the link below:
Click on the above link and then scroll down. In the 12th table, you will find the shariah-compliant mutual funds list.
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