ISLAMIC INVESTMENT
“ It is possible for big banks and financial institutions to offer investment products that follow Islamic rules and still stay within the guidelines ,” AvaTrade ’ s Kate Leaman continues . “ They can create separate parts of their business just for this , and they need to be very clear and honest about how their products follow the rules . Additionally , they need to make sure their staff understand the rules and they should have experts check that everything stays in line with Islamic principles .”
As the market inevitably grows , there are some things that she would like to see happen , which will inevitably make the market stronger . “ First and foremost , people need to know more about it , which is why there should be more educational resources on the topic ,” Leaman says . “ There should also be a wider variety of investment choices to fit different goals and risk levels .
“ It would help if there were global rules that everyone followed , and strong rules to protect investors . Making Islamic investments easier to get into , and using technology to make it simpler , can attract younger Muslim investors . These changes can help the Islamic finance and investment market grow and provide further options while still following Islamic principles .”
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