Islamic mutual funds
Islamic mutual funds are investment vehicles that comply with the principles of Islamic finance. They avoid investing in businesses that engage in activities prohibited by Sharia law, such as alcohol, gambling, and interest-based financial services. Instead, these funds focus on ethical investments that promote social responsibility and economic development.
These funds are managed by professionals who ensure that all investment choices align with Islamic principles. Investors in Islamic mutual funds can expect their money to be invested in halal (permissible) assets, providing a way to grow wealth while adhering to their religious beliefs.