If Sharia Complaint ETFs admits SPCX it should be boycotted!
Assalāmu ’alaykum wa raḥmatullāh,
A short message to my brothers and sisters; Any Shariah-compliant ETF that chooses to include SPCX—or, in the future, OpenAI if it becomes publicly investable—no matter how small the allocation, should be boycotted. Period.
**I know that founders of Shariah screening services, as well as staff associated with some of these ETFs, are present in this subreddit.**
For the sake of Allah (ﷻ), please do not reward those who openly enable or profit from oppression with our hard-earned money. We have a responsibility to be conscious of where our wealth is invested.
Yes, I am aware that some of these ETFs already have existing concerns and imperfections. But that is not a reason to accept further deterioration or remain silent as the situation becomes even worse.
May Allah (ﷻ) guide us to what pleases Him and grant us the ability to earn and invest our wealth in a manner that is truly pleasing to Him.