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‘ELITE’: The Palantir App ICE Uses to Find Neighborhoods to Raid (www.404media.co)
submitted 6 months ago by to c/technology@lemmy.world
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[–] 7 points 6 months ago (2 children)

There should be some sort of halal version of popular ETFs that get rid of certain universally excepted evil companies. I just invest in QQQM, VTI, VOO, etc and forget, but I have a friend who buys stocks weighted by NASDAQ except for Palantir manually. Too much of a headache for me lol.

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  • [–] 4 points 6 months ago (1 child)

    There are screened index funds like this https://www.justetf.com/en/etf-profile.html?isin=IE00BFNM3J75

    Although we've now moved a good chunk to small capitalization and non-US to have less exposure to the coming tech bust.

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  • [–] 1 point 6 months ago* (last edited 6 months ago) (1 child)

    Is that ETF (SNAW) you linked your default buy? I am relatively young and new to investing. I have some QQQM but wanted to move to something more ethical (ESG) and more diversified. Next paycheck I'll probably buy one of the ESG S&P 500 trackers like EFIV.

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  • [–] 2 points 6 months ago (1 child)

    There is S&P 500 Shariah or if you're christian there is S&P 500 Christian Values

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  • [–] 2 points 6 months ago (1 child)

    I'm actually Sikh, but I would assume that Muslims, Christians, and Atheists alike, also share basic human values like don't give money to companies that use child labor, sell weapons to terrorits, encourage dangerous addictions, etc. I don't really care if the ETF is targeted towards a specific religion or not. My main gripe would be seeing their stock exclusion list for haram stocks are based on generic human values and not banning companies that sell pork for example.

    I did a bit of research online and think EVIF might be what I'm looking for.

    Maybe using the word Halal and Haram was confusing since those are Arab words so mostly used by Muslims and Christians.

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  • [–] 0 points 6 months ago (1 child)

    I would say that if you eat chocolate, drink coffee or use any technology you most likely give money to companies that indirectly use child labor or poison the planet so all those indexes mean nothing to me. My reply was ironic, sorry for that.

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  • [–] 2 points 6 months ago

    Hey, this is called the Nirvana logical fallacy. Just because I do other unethical things in my life, that doesn't mean buying an ethical ETF instead of a normal ETF is useless.

    For example, using the Nirvana logical fallacy, I could justify not going to the gym today because I already ate unhealthy food for lunch. It is impossible to be live a perfectly healthy life, but that doesn't mean we shouldn't focus on trying to be as healthy as possible within the confines of what we are willing to sacrifice.

    Same thing goes for living an ethical lifestyle.

    Hope this helps!

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