A fair warning to investors holding or considering to buy SPUS ETF. The fund, despite claiming to be halal AND ethical, contains most of the tech stocks enabling Israel's genocidal campaign in Gaza and apartheid regime in Palestine.
In fact, Microsoft, that is undeniably implicated in the ongoing genocide, is the biggest holding. Also in the top ten are directly involved Amazon and Alphabet; Meta and NVIDIA, too, deserve a mention.
(As recently as 31 March 2025, it held companies with military contracting exposure such as Honeywell International, Eaton Corp, Amphenol, Parker Hannifin and AMETEK - all four suppliers of components and systems used by the Israeli military in Gaza.)
With multiple fatawa now calling for a military response to Israel's ongoing mass murder campaign in Palestine — as well as sanctions and a complete financial blockade — can Muslim investors use the "Shariah compliance ≠ ethics" as an excuse anymore?
A fair warning to investors holding or considering to buy SPUS ETF. The fund, despite claiming to be halal AND ethical, contains most of the tech stocks enabling Israel's genocidal campaign in Gaza and apartheid regime in Palestine.
In fact, Microsoft, that is undeniably implicated in the ongoing genocide, is the biggest holding. Also in the top ten are directly involved Amazon and Alphabet; Meta and NVIDIA, too, deserve a mention.
(As recently as 31 March 2025, it held companies with military contracting exposure such as Honeywell International, Eaton Corp, Amphenol, Parker Hannifin and AMETEK - all four suppliers of components and systems used by the Israeli military in Gaza.)
With multiple fatawa now calling for a military response to Israel's ongoing mass murder campaign in Palestine — as well as sanctions and a complete financial blockade — can Muslim investors use the "Shariah compliance ≠ ethics" as an excuse anymore?
https://iumsonline.org/en/ContentDetails.aspx?ID=38846