Virtue At A Price

Bahree, Megha
July 2007
Forbes Asia;7/23/2007, Vol. 3 Issue 13, p106
The article states that in order to keep a mutual fund sharia-compliant, an advisory board of Islamic scholars monitors its avoidance of companies profiting from alcohol, casinos, movies, music, financial services, weapons and pigs. According to Failaka Advisors, a tracker of Islamic funds that has an office in Chicago, Illinois, the portfolio manager should also ensure that his stock picks satisfy various financial ratios.


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