The idea of negative screens as an investing principle is credited to Christian denominations which coined the term “sin stocks”, such as tobacco, alcohol and gambling. While many Christian and Islamic funds screen out alcohol, there is no Jewish prohibition on drinking alcohol or gambling in moderation.
In Jewish tradition, alcohol is valued for its role in celebration and religious rituals such as Kiddush. While moderate consumption is embraced, caution against excess is emphasized, as overindulgence can lead to impaired judgment and moral compromise.
Similarly, Jewish tradition adopts a nuanced approach to gambling. Rather than outright prohibition, it promotes moderation and caution. Talmudic and later rabbinic discussions acknowledge games of chance as recreational, while emphasizing the risks of excess and the need for responsible behavior, reflecting a balanced, tolerant stance.
