While some may not care much about religious values when investing if you are strictly religious you may find that index-based ETFs may hold investments contrary to your religious or personal values (ex: weapons manufacturers. I’m not an expert on religion so if I’ve gotten anything wrong in my article or missed anything please let me know in the comments.
I’m writing this article simply to provide a resource for those who wish to invest according to a religious standard and I’m not trying to cause any sort of religious or political debate, however, some may not agree with the criteria that these funds use. If you don’t agree with the methodology that the funds use then you don’t have to invest in them but they are useful for those who wish to invest strictly according to their religious values.
https://seekingalpha.com/article/4118462-invest-according-religious-values-etfs-mutual-funds