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It may be new for some people but it has existed in the past few
decades in other countries. For some it is a form of religious-based
investing using the principles and teachings according to one’s belief
and denomination. It is somehow helpful in providing spiritual guidance
on one’s financial growth although churches or religions are nonprofit
organizations and they do not issue stocks or shares. In the
Philippines, there are no religious-based index funds or financial
products available in the market. However, first- world countries such
as the United States, Europe, Japan, Australia, the Middle East and our
Asean neighbors like Malaysia and Indonesia have religious-based
investment products based on Koran do exist in great numbers and people
of different religious denomination invest in it.
