“When you eat or drink or do anything else, always do it to honour God.” 1 Corinthians 10:31 CEVUK
Going by this verse, the question then becomes — how do we honour God with the investing and use of our money?
I once heard of the person who wanted to buy shares in Maltina part of Nigerian Breweries. It was funny when I heard it but represents a valid need by some investors to invest inline with the tenets of their faith.
But I’m wondering, what happens if you deposit your money in a commercial bank and they then loan the money to a tobacco company?
Perhaps, it is possible to bring your faith to bear with your investing and there are exchange traded funds that aim to do this. In Nigeria, we have the NSE Lotus Islamic Index which comprises of companies that are compliant with the stringent rules of Shari’ah.
Would this strategy always produce ‘divine’ returns, I don’t know. So far in 2019, the Lotus Index is down 24.38% compare to 16.34% of the All-Share Index.
At the end of the day, religion-based investing and the exact interpretation is mostly a matter of the private conviction of an investor.
Do you have faith considerations when making investment decisions?