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The Power of Religion: Islamic Investing in the Lab (English)

Faith-based mutual funds have recently become a growing corner of the mutual fund industry. Morality and ethics are thought to exert an influence on investors’ decisions in this segment, although their role in driving such investments is not clear as these funds are also attractive due to their distinct risk-return profile. If nonpecuniary motives are predominant, investors in such funds may be less sensitive to financial performance, resulting in...
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Citation

Banuri,Sheheryar; Murgia,Lucia Milena; Ul Haq,Imtiaz.

The Power of Religion: Islamic Investing in the Lab (English). Policy Research working paper ; no. WPS 10459 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099707105302333314

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