Despite the fact that the deadline for RRSP contributions is approaching, there's another important investment concern for Muslims — ensuring the products they rely on for their retirement income comply with Islamic principles.
There has been an importance over the last decade in investment products that adhere to the strict dictates of Shariah law. So-called Shariah-compliant investments have become very popular, due in part to investor interest in working with the Middle East as oil prices continue to rise.
The key elements of Islamic investing are the avoidance of interest.