PT  - JOURNAL ARTICLE
AU  - Wafica Ghoul
AU  - Paul Karam
TI  - MRI and SRI Mutual Funds
AID  - 10.3905/joi.2007.686416
DP  - 2007 May 31
TA  - The Journal of Investing
PG  - 96--102
VI  - 16
IP  - 2
4099  - https://pm-research.com/content/16/2/96.short
4100  - https://pm-research.com/content/16/2/96.full
AB  - There has been a recent increase in the importance of and universal interest in the field of “Islamic Finance.” There are currently investment alternatives which are designed to meet the constraints imposed by Islamic Shariah, such as SUKUKS (Islamic bonds) and Islamic mutual funds. This paper explores the similarities and differences between the components and characteristics of Islamic mutual funds, Christian mutual funds, both classified as Morally Responsible Investment (MRI) funds, and socially responsible investment (SRI) funds. In addition, we explore the possibility of designing a mutual fund which can satisfy the three different groups of investors.TOPICS: ESG investing, mutual funds/passive investing/indexing, portfolio construction