Digital investment platform Wahed Invest has launched a free app that enables its Muslim customers to search for faith-compliant investments. Stocks are also screened by Wahed’s experts for the presence of interest, or Riba, and all other impermissible sources of income. Halal Stock Screener users can search more than 50,000 global stocks and request details on whether they comply with Accounting and Auditing Organization for Islamic Financial Institutions guides on ethical investing. The app, which is available in English, Arabic and Urdu, was developed by the company as part of an initiative called “Muslims at Work,” according to a press release.
Digital investment platform Wahed Invest has launched a free app that enables its Muslim customers to search for faith-compliant investments. Halal Stock Screener users can search more than 50,000 global stocks and request details on whether they comply with Accounting and Auditing Organization for Islamic Financial Institutions guides on ethical investing. The app, which is available in English, Arabic and Urdu, was developed by the company as part of an initiative called “Muslims at Work,” according to a press release.