Firearms from Shariah Screening Perspective

Firearms from Shariah Screening Perspective

The United States is the largest firearms market in the world where the firearms industry now generates more than $10 billion a year in sales, and recently there has been a major momentum to control guns.
Despite such, firearms sales were up in 2013 higher than any other year over the past 5 years. It is ironic that with all recent firearm control campaigns, sales for firearms producing companies are up tremendously and their stocks performed really well last year!
Many still say that despite the high returns of the weapon segment, other suitable investment alternatives could easily be found that do not directly damage the community in which they exist. As a response to the growing investor interest in the global firearm controversy, and consequently to limit their investments in firearm companies, IdealRatings’ research identifies companies that manufacture handguns, pistols, shotguns, rifles, revolvers, and ammunition for sporting, civilian or military usage. At IdealRatings we recently experienced many inquires to filter companies that produce firearms for investors, and although this may impact firearms companies sales and stock performance, the outcome was really different.
Gun sales have been rising for several years, and prices for assault rifles and ammunition have gone up, in defiance of sluggish economies proving that sales of firearms are relatively immune to economic cycles affecting other business sectors. In an attempt to investigate the reason behind such returns,it seems to be that the more uncertainty the economy face, the higher the gun sales. Gun enthusiasts are worried that regulations are in the making to control guns in the future, though currently we see no sight of any regulation in the making,

Ameena Abouzeid