For Whom?
The Sharia portfolio is designed for investors looking to invest an initial capital of $50,000.
A Sharia-compliant financial portfolio is primarily aimed at Muslim investors who wish to align their investments with the principles of Islamic finance.
This type of portfolio typically includes Sharia-compliant stocks, sukuk (Islamic equivalents of bonds), and investments in tangible assets such as real estate or commodities.
Investments prohibit:
- Interest (Riba): Avoid generating income based on interest.
- Prohibited activities (Haram): Avoid sectors considered non-compliant with Sharia law (e.g., alcohol, gambling, pork, activities related to usury, industries deemed immoral in entertainment, weapons, and military activities).
- Excessive speculation (Gharar): Avoid investments involving uncertainty or excessive risks (e.g., speculative trading or certain derivatives).
- Investments in heavily indebted companies: Adhere to specific financial ratios to ensure their practices align with Sharia principles.
Composition?
This portfolio aims to invest significant capital and includes investments in:
- WORLD: Over 1,400 global companies representing 85% of the market capitalisation of developed countries.
- GOLD: The price of gold.
How?
The investor must have a capital of $50,000 in a securities account.
Privanext will send investment alerts over the weekend to recommend buying or selling assets in the Sharia Islamic portfolio based on market opportunities.
Alerts will be sent to you on Saturday morning for a purchase or sale to be made with your securities provider at the close of trading on Monday.