FAQ #2: Does the Sharia Screening of SRI presented follows certain school of Fiqh or is it common to all schools?

Stock Investing FAQs Explained #

In essence, for the sharia screening methodology (financial and business screening) all the school of fiqh observes which sector not to invest in.

Example: if you have money, and you want to invest in the pork industry, there is no difference whether it  is permissible in certain school of fiqh and prohibited in certain school of fiqh.

As for SRI as a principle, it is mentioned in Sharia, and through the mentioned ESG (list of concerns our prophetic tradition entails), so regardless of the school of fiqh, it is deeply rooted in our shariah.

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