“With thousands of potential stocks available, it can be daunting for people to know if they are investing ethically,” said Kareem Tabbaa, CPO, Wahed. Digital investment platform Wahed Invest has launched a free app that enables its Muslim users to search for faith - compliant investments . Halal Stock Screener users can search more than 100 global stocks and provide feedback on whether they comply with Accounting and Auditing Organization for Islamic Financial Institutions guides on ethical investing . The app also incorporates a tool that enables users to calculate their annual Zakat contributions – one of the Five Pillars of Islam , which obliges Muslims to donate a proportion of their income to those in need .
Digital investment platform Wahed Invest has launched a free app that enables its Muslim users to search for faith - compliant investments . Halal Stock Screener users can search more than 100 global stocks and provide feedback on whether they comply with Accounting and Auditing Organization for Islamic Financial Institutions guides on ethical investing . The app also incorporates a tool that enables users to calculate their annual Zakat contributions – one of the Five Pillars of Islam , which obliges Muslims to donate a proportion of their income to those in need .