Are you looking for a way to merge your faith with your financial decisions? Investment in religion-based and socially conscious mutual funds is on the rise. The following is a list of selected religious and other socially-conscious mutual funds. Check with each fund to determine exact screening policies.
Catholic values mutual funds. Screens out companies that profit from tobacco, weapons, and certain other products and services. Supports the environment, human rights, and employment.
Carlisle's funds, the Carlisle Catholic U.S. Market Index and the Catholic Small Cap Index, comply with the Catholic Bishops Investment Guidelines for screening and advocacy.
Catholic Values Investment Trust
Invests according to the values of the Catholic Church.
Christian Science
American Trust Allegiance Fund
Has Christian Science-related screens. Avoids alcohol, gambling, tobacco, pharmaceutical, medical diagnostic services, and other health care industries.
Other Christian
Capstone Social Ethics & Religious Values Fund
Invests according to Seventh-Day Adventist principles. Screens out companies that profit from alcohol, tobacco, gambling, caffeine, meat, and pornography.
Mutual funds reflecting evangelical Christian values.
Screens out companies that profit from alcohol, tobacco, and gambling.
Invests according to Anabaptist Christian beliefs, including Amish and Mennonite principles. Supports the environment, employment, and human rights. Screens out companies that profit from weapons, alcohol, tobacco, gambling, nuclear power, and other services.
Invests according to Christian biblical principles. Screens out companies that profit from alcohol, tobacco, gambling, pornography, and abortion-related products and services.
Invests according to conservative Judeo-Christian values. Screens out companies that profit from or support abortion, pornography, anti-family entertainment, non-married lifestyles, alcohol, tobacco, and gambling.
Muslim
"Halal investing"--invests according to Islamic principles. Screens out companies who profit from alcohol, gambling, and pornography, and non-Islamic banks. Avoids interest.
Family of halal funds that includes the Azzad/Dow Jones Ethical Market Fund, the Azzad Income Fund, and the Azzad Growth Funds. Invests according to Islamic principles, by avoiding interest income and screening out companies that profit from alcohol, pork products, tobacco, and other screens.
Good Money.com's complete list of socially responsible funds
, including many additional religious-based funds.
More socially conscious investing resources
Selected Socially Conscious Funds
General Social Screens
Screens out companies that profit from weapons, nuclear power, and tobacco. Supports the environment and employment.
The Fund does not knowingly invest in companies that engage in activities that damage the natural environment; produce nuclear power; design or construct nuclear power plants or manufacture equipment for the production of nuclear power; manufacture or contract for military weapons; are in the liquor, tobacco, or gambling industries; or conduct animal testing for cosmetics and personal care products.
Funds screen out alcohol, tobacco, gambling, and nuclear power. Supports the environment, employment, and human rights.
Supports the environment and employment. Screens out companies that profit from tobacco.
The Ultra Short Term Fund screens out companies that profit from alcohol, tobacco, defense, nuclear power, and gambling.
Founded by respected nonprofit environmental advocacy organizations to encourage environmentally responsible corporate behavior. Also screens out companies that profit from weapons, alcohol, tobacco, gambling, and nuclear power.
Screens out companies that profit from animal testing, alcohol, tobacco, and gambling. Supports the environment and human rights.
Suports the environment and employment. Screens out companies that profit from weapons, nuclear power, alcohol, tobacco, gambling, and other services.
Environmental Funds
Founded by respected nonprofit environmental advocacy organizations to encourage environmentally responsible corporate behavior. Also screens out companies that profit from weapons, alcohol, tobacco, gambling, and nuclear power.
Concentrates investments in environmental investment, renewable energy, fuel cells, recycling and energy conservation, and organic foods.
Funds Supporting Minorities or Women
Invests in domestic emerging markets, including companies domiciled in the United States and controlled by an African-American, Asian-American, Hispanic/Latino-American, or a woman.
Invests in companies that work to advance women's social and economic status. Also supports the environment, fair employment, and human rights, and screens out companies that profit from weapons, alcohol, tobacco, gambling, and nuclear power.
Good Business Practices
Invests in companies that promote diversity in the workforce.
Good Money.com's complete list of socially responsible funds
, including many additional religious-based funds.