Israeli financier launches Sharia-compliant mutual funds – Erez Zadok previously opened „kosher funds“ and „ethical funds.“ | JNS.org
(September 10, 2023 / JNS) Aviv Fund Management CEO Erez Zadok launched two mutual funds last week that satisfy the requirements of Islamic Sharia law.
The two funds are labeled “Halal,” that is compliant with Sharia. It means they don’t invest in companies that charge interest, such as banks and insurance firms, or in arms manufacturers, or that make or sell pork or alcohol (foods forbidden under Islam), Zadok told Israeli business daily Globes on Sunday.
The two funds are labeled “Halal,” that is compliant with Sharia. It means they don’t invest in companies that charge interest, such as banks and insurance firms, or in arms manufacturers, or that make or sell pork or alcohol (foods forbidden under Islam), Zadok told Israeli business daily Globes on Sunday.
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