MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 19, 2007 Market Rewards Islamic Fund for Avoidance of Financial Institutions This year the market has been good to a mutual fund that invests based on the principles of Islamic law. The WSJ reports that the Amana Income Fund is one of the year's top performing funds due to the fact that Islamic law prohibits investing in institutions that charge interest and those that carry a lot of debt, like banks and financial institutions. These are the very same institutions that have been at the leading edge of the subprime mortgage crisis. Printed from: MFWire.com/story.asp?s=16521 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |