What are Shariah non-compliant businesses?

Shariah non-compliant businesses refer to activities that do not align with Islamic principles. Here are some examples of such businesses:

1. Conventional Banking and Insurance: These involve interest-based transactions, which are prohibited under Shariah law.
2. Alcohol Production and Sale: Companies engaged in alcohol-related activities are considered non-compliant.
3. Pork and Non-Halal Food: Businesses dealing with pork or non-halal food items fall into this category.
4. Gambling and Gaming: Activities related to gambling are not permissible.
5. Tobacco and Dangerous Drugs: These substances are considered non-halal.
6. Entertainment Contrary to Shariah: Companies involved in adult entertainment or other non-compliant entertainment activities are filtered out.

For more detail on Shariah Non-Compliant List, click HERE

Last Update: 04 October 2024