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Islamic Finance Briefing - Categorized | Funds, Performance more

Is the moral high ground profitable?

Posted on 16 July 2010

From Citywire.co.uk: The $2.7 billion Amana Mutual Funds Trust, a sharia-compliant fund, produced a five-year annualized return of 6.76%, according to Morningstar. It posted these results despite conforming to Islamic principles which means the fund avoids earning interest or investing in companies that do.
From the outset these funds clearly outline which stocks or companies they consider unsuitable, according to their religious beliefs……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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