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Faith-Based Investing Makes Up Ground in Gains and Convenience
Investing according to theological beliefs “is much easier to do now,” a wealth adviser said. It’s also as profitable as investing without a religious screen, and no more risky.
Faraz Ahmed, head of the online help platform at Google, said his portfolio for years was focused on stocks to avoid the Islamic prohibition against interest. But he worried that was too risky.Credit.Christie Hemm Klok for The New York Times
The intersection of faith and money can be complicated.
But investing by the tenets of your faith has become easier, and in many cases it’s neither less profitable nor more risky than investing without a religious screen. There are Islamic exchange-traded funds and real estate investment trusts, Jewish venture capital funds and Catholic separately managed accounts.