Browsing All Posts published on »December 27th, 2007«

Muslim Investment Funds Are Rewarded for Their Faith

December 27, 2007

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 By Lawrence Carrel TheStreet.com Senior Writer 12/24/2007 6:13 AM EST Islamic law prohibits the collection and payment of interest. That means mutual funds aimed at Muslim investors must avoid financial services stocks. This proved to be a winning formula in 2007, when Wall Street finally paid the price for several years’ worth of predatory lending […]