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He cited its sale of alcohol and interest income from conventional bank fixed deposits as reasons for non-compliance with Shariah principles. The sensitivity towards alcohol, in particular, is deeply rooted in Islamic teachings, which strictly prohibit its consumption and involvement in its trade. However, the lack of standardized guidelines and grey areas in determining Shariah compliance have left many investors grappling with difficult choices.
The decision to invest in non-Shariah compliant stocks would typically conflict with these principles.
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