RT Journal Article
SR Electronic
T1 MRI and SRI Mutual Funds
JF The Journal of Investing
FD Institutional Investor Journals
SP 96
OP 102
DO 10.3905/joi.2007.686416
VO 16
IS 2
A1 Wafica Ghoul
A1 Paul Karam
YR 2007
UL https://pm-research.com/content/16/2/96.abstract
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