What is a Syariah-approved or halal securities?
Syariah-approved securities are securities of companies that are not involved in non-permissible (haram) activities, such as:
- Financial services based on riba (interest)
- Gambling
- Manufacture or sale of non-halal products
- Conventional insurance
- Entertainment activities that are non-permissible according to Syariah principles
- Manufacture or sale of tobacco based products or related products
- Share trading in Syariah non-approved securities
- Liquor, pork, or animals that are not slaughtered according to Islamic rites
Syariah-approved securities only indicate the permissibility or halal status of securities. It is not an endorsement by the SC that the securities are suitable for investment.
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