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In the Name of God بسم الله

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Focus on US tech stocks delivers outsize returns
 

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Meanwhile People’s Partnership’s sharia fund almost doubled in size in 2024, as investors were drawn to the fund which delivered a return of 30 per cent, while Aviva added a sharia multi-asset fund to its self-select pension offering.  Sharia funds, which eschew investments that violate tenets of the Islamic faith, have outperformed their default peers over the past decade — and notably last year — owing to their heavy exposure to US technology stocks.

https://www.ft.com/content/a9d9eebc-0dfb-473f-b46f-564ba16c9c09

 

As a reader points out:

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I tend to think of Shari'a compliance as existing upon a spectrum. It sounds like these funds are trying to provide the most Shari'a compliant investment funds available.

 

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