Islamic finance in Europe (145)

Continuation

An overview of ethical and socially responsible investments

Ethical investments

Ethical investments tend to use negative criteria to avoid companies involved in:

-      environmentally damaging practices;

-      trade with oppressive regimes and countries with a poor human rights record;

-      pornography and offensive advertising;

-      gambling;

-      tobacco and alcohol production;

-      unnecessary exploitation of animals;

-      unsafe products and services;

-      genetic engineering, abortion and embryo research;

-      armaments.

From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)