Sensible Investments

Reviewing some sensible investment information in the aftermath of our casino gambling economic implosion, I happened upon the following that seems more than sensible --

Islamic law requires investments to be based on a specific asset and bans excessive speculation, interest-based lending and gambling, alcohol and pornography-related activities.

Zulkifli said the sharia's screening criteria weed out assets with excessive debt, helping them to deliver returns comparable to those of conventional instruments.

"The discipline in the sharia helps because you cannot invest in highly leveraged companies," he said.

China's economy grew at an annual clip of 7.9 per cent in the second quarter, picking up from 6.1 per cent in the first quarter and on track to hit its full-year growth target of 8 per cent. — Reuters

The "Something For Nothing Investment Strategy" got us where we are. It won't get us out of our excessive debt. Maybe we can learn from others that aren't in our position.