Mutual fund investors with strong religious beliefs have more options than ever these days. Faith-based mutual funds are one of the more interesting subsets of socially responsible mutual funds, which screen out investments that don’t meet certain ethical criteria.
The idea of investing according to religious principles has been around for a long time, and today there are dozens of U.S.-based mutual funds catering to a variety of faiths, with more than $30 billion in assets under management as of October 2012. Like socially responsible investing funds in general, religious funds are a very diverse group, using a wide variety of screening criteria………………………………………..Full Article: Source