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VWRA Vs Islamic ETF
AOA
I have a query about investing in ETF funds , Islamic vs conventional
I am Intrested in investing in VWRA which is a conventional fund deals with thousands of companies and some part of their investment is in gambling alcohol etc business but this is not their core business which is health science AI Computing and technology. They charge 0.22% per year
Now compared this with an international Sharia ETF , these funds are much smaller avoid un Islamic investment but do have contacts with conventional banking systems. They charge 0.66 % annually which to me is partially due to lack of competition and making more profit
So my key question is can I invest in VWRA or it’s absolutely prohibited under shria law. I have seen certain Islamic financial advisors declaring some conventional banking products halal or haram though they are part of the same banking system but the halal is always expensive
JazakAllah
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