was in a similar discussion on another forum after the announcement of liquor ban in Bihar
personally, despite being a teetotaler & non smoker, i couldn't let go of the investment opportunity that ITC presented (when it was ₹10 paid up) (do not hold any, sold long ago)
there's plenty of things one could consider for ethical investing and what one considers as ethical
you could look at the BSE Shariah for Shariah compliant investments
read up on usury banking, it is intersting
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