Rise of Islamic Finance Helps Muslim Family Offices Make Investments True To Faith
The Hajdari Group was recently mentioned in MarketCurrents article about Islamic finance. Hajdari Group President Zaim Hajdari was also quoted in the article.
Here is an excerpt:
However, the industry has yet to catch on in the United States, home to over 3.4 million Muslims. Muslim industry veterans such as The Hajdari Group’s Zaim Hajdari want to change that. The Hajdari group recently launched “InvestHalal” – a financial planning platform that screens financial assets to ensure shariah-compliance.
“Being a Muslim myself and having served many Muslim investors over my 25 years as an advisor, there has always been a high level of frustration with the lack of investment choices and guidance to Muslims in the U.S.,” says Hajdari.
According to his team’s research, a fifth of American Muslims earn more than $1 million, 81% of them are aged between 18 and 49, 65% have a college or post-graduation degree, and 69% pray at least once a day. “We feel that there is a high degree of probability that the same people who choose to live, eat and drink Halal (in compliance with shariah law)…would also choose to invest Halal given the opportunity to do so,” he said.
Read the full article here