Investors across the globe have suffered over the last 12 to 18 months. Risk aversion has got hold of the investor and there has been a move away from equities and alternatives to cash and bonds.
But Islamic investors may have mixed feelings looking at their portfolios.
The equity side of asset allocation has been hurt across sectors and geography, but Muslim investors may take heart from the fact that Sharia stocks or Sharia-screened stocks have performed relatively better than their conventional counterparts. Commodities and currencies, which are Sharia compliant, have been extremely volatile and gains and losses have fluctuated accordingly. However, bank deposits may have provided some respite.
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