Shariah investing offers a rules-based approach to global equities that can provide resilience during market volatility and economic uncertainty. Maahir Jakoet, portfolio manager of the Old Mutual Global Islamic Equity Fund, explains how Shariah-compliant investing differs from conventional equity strategies. He outlines the restrictions on sectors such as banking, alcohol, gambling, and weapons, as well as the limits placed on companies with excessive debt. The discussion examines how Shariah portfolios have performed during major market shocks, including the global financial crisis, the Covid-19 sell-off, and periods of rising interest rates. Jakoet also explains how excluding highly leveraged businesses can create a higher-quality investment universe with a different performance profile. He explores current opportunities in artificial intelligence, memory chips, healthcare, and technology, while discussing the risks of expensive US equities and concentrated exposure. For South African investors, he also considers whether a Shariah fund can strengthen a diversified portfolio, even when faith-based investing is not the primary objective. The episode also explains how disciplined stock selection and portfolio limits help manage concentration risk over changing market cycles.