Mutual funds that invest in companies with products and policies consistent with the religious preference of their investors are often described as Faith Based Funds (FBF). The FBF, while having interesting differences, are essentially a subset of the more commonly known Socially Responsible...

Islamic finance has grown impressively since its modest beginnings with the establishment of Egypt's Mitt Ghamar Saving Bank in 1963. By the end of 2011, the global Islamic financial services industry was valued at $1.357 trillion, a 150 percent increase in the past five years. Yet despite this...