Financial Forum Q&A
What are sharia-compliant investments and how should I save for a rainy day?
Requirements are underpinned by Islam’s prohibition on charging interest and the avoidance of companies that are deemed to cause social harm
Q: I have just started working and want to start saving as soon as possible. I am looking for responsible investment options, specifically shariah-compliant investments. Can you please explain the make-up of a shariah-compliant fund and do you know if there are any exchange-traded fund (ETF) options? — Amina D, via email.
Abdulazeez Davids, portfolio manager of Kagiso Islamic Funds managed by Kagiso Asset Management, responds: