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New Mutual Funds Observe Islamic Law
Investment Adviser ^
| December 7, 2006
| Kara Stapleton
Posted on 12/14/2006 10:29:00 AM PST by Choose Ye This Day
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To: NeoCaveman
When I worked for an investment management firm, we used to joke about wanting to set up the Couch Potato Fund.
It would invest in Playboy, cable TV, online gambling, booze, publicly traded strip clubs, and tobacco.
21
posted on
12/14/2006 11:44:00 AM PST
by
Xenalyte
(Anything is possible when you don't understand how anything happens.)
To: NeoCaveman
There probably aren't any that are defined quite like that. I'd be a hoot though. Probably very popular too.
Wanna guess what the non-smoker's stock of choice used to be?
22
posted on
12/14/2006 11:55:45 AM PST
by
Jaded
("I have a mustard- seed; and I am not afraid to use it."- Joseph Ratzinger)
To: San Franistan
23
posted on
12/14/2006 11:59:13 AM PST
by
Jaded
("I have a mustard- seed; and I am not afraid to use it."- Joseph Ratzinger)
To: Choose Ye This Day
Keeping with Muslim traditions, I'm sure the fund will not invest in "Jewish" companies either.
24
posted on
12/14/2006 12:01:43 PM PST
by
The Great RJ
("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
To: NeoCaveman
You can it is called Vice Fund stock symbol(VICEX)
25
posted on
12/14/2006 12:07:42 PM PST
by
BubbaBobTX
(I wasn't born in Texas but I got here as fast as I could.)
To: Asclepius
I'm sure these funds will perform as well as the eco- or social-conscience funds etc. In other words, they'll tank.
Not so my friend. I invest in Catholic Funds so I don't unknowingly promote abortion and the Ave Maria Fund has done quite well, also check out the Aquinas Fund. Of course there are some socially conscious funds that were pretty bad--stay away from the Women's equity fund--my broker talked me into that dog which I dumped as soon as I could.
26
posted on
12/14/2006 12:46:08 PM PST
by
adgirl
To: NeoCaveman
There are several "socially responsible" funds, as they call themselves. Calvert, IIRC, is one of the biggest promoters.
The Ave Maria funds are similar in that they only invest in companies whose values jive with Catholic norms.
To: tkathy
Excludes investments in alcohol, gambling, or companies with large amounts of debt, but investments in genocide, slavery, racism, mass murder, genital mutilation are just peachy. Gee, maybe they would be interested in my new invention, based partly upon meat packers' auto-knives, and the Veg-A-Matic, which I believe could speed up genital mutilations by 350%, while reducing cost/mutilation by 25-30%, based upon increased efficiency.
Of course, it only works on male members so far.
I tentatively call it the Lorena Imamutilator, Mark I.
28
posted on
12/14/2006 10:18:44 PM PST
by
ApplegateRanch
(Islam: a Satanically Transmitted Disease, spread by unprotected intimate contact with the Koranus.)
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