Of the three areas, active engagement requires the most effort on behalf of the fund manager but is also the largest growing area of ethical investing
Mohammed Omran, Chairman of the Egyptian Exchange, told The National, "We're finding a new category of investment that meets some investors' appetite or some investors' beliefs like Shari'ah compliance or ethical investing
," Omran said.
can no longer be seen as the preserve of long-haired hippies who knit their own muesli.
The fund is the first to offer a collective investment scheme geared towards ethical investing
under Islamic capital markets product range.
Michael Grifferty of The Gulf Bond and Sukuk Association said, "Interest in both Shari'ah compliant and ethical investing
is on the rise.
The successful growth of ethical investing
in Britain can be traced back to June 1984 when Friends Provident pioneered linking investments with ethical principles launching its Stewardship Growth fund At the end of the first year the fund was worth pounds 1.5 million.
"With the launch of CBIS Global Funds comes the introduction of four new UCITS (Undertakings for Collective Investments in Transferable Securities) funds, designed to provide Catholic institutions with a disciplined approach to ethical investing
that integrates social and ethical teachings without sacrificing investment performance," said CBIS in a press release.
What's more, the popularity of ethical investing
is showing no signs of restricting its growth spurt.
- putting your money into companies that do not exploit their employees or pollute the environment - has become big business.
It covers subjects ranging from the need for savings, pension planning and risk assessment to the implications of genetic testing for insurance cover and the concept of ethical investing
The survey also examined attitudes to ethical investing
and found 53 per cent of shareholders did not consider themselves to be an ethical investor.
Ms Dreblow stressed ethical investing
does not mean lower financial returns.