We investigate the existence of strategic cross-fund subsidization in SRI fund families. For asample of SRI fund families domiciled in the U.S., we find evidence of cross-fund subsidizationon performance where winning funds are subsidized by peer losing funds. However, there isno evidence of...

This paper examines the compliance of a large sample of faith-based ethical funds – Shari'ah equity funds (SEFs). SEFs screen their investment for compliance with Islamic law, where riba (conventional interest expense), maysir (gambling), gharar (excessive uncertainty), and non-halal...

This paper examines the compliance of a large sample of faith-based ethical funds – Shari'ah equity funds (SEFs). SEFs screen their investment for compliance with Islamic law, where riba (conventional interest expense), maysir (gambling), gharar (excessive uncertainty), and non-halal...