Hajdari Group President Zaim Hajdari was recently interviewed by WealthManagement.com to discuss the company’s new InvestHalal faith-based investment platform.
Here is an excerpt:
A new faith-based financial planning platform offers practicing Muslims the chance to invest in ways that adhere to their faith.
The Hajdari Group announced its new InvestHalal platform this week, ensuring Shariah-compliant asset management by working with financial planners who avoid heavily indebted companies, as well as companies that derive more than 5 percent of their income from products like alcohol, weapons or tobacco. Zaim Hajdari, the firm’s president, told WealthManagement.com that tools like InvestHalal were a sorely needed benefit for Western Muslim investors.
“While there was no shortage of faith-based investing, or for that matter ESG investing, there’s been a bit of frustration due to the lack of options available specifically as it relates to the Muslim community,” he said. “We work with a variety of Islamic scholars to ensure compliance, but it takes a bit of effort to screen these products to ensure they are meeting the prerequisites set by a lot of these organizations and Islamic scholars.”