Islamic Law Governs Amana Growth; Shariah-Based Buying;
Business • August 2008 • Views: 402
The money quote:
“If a potential shareholder asks how he can be sure the fund doesn’t support terrorist groups, Kaiser says the Investment Company Act of 1940 bars the fund from making charitable donations. Payments of any kind can only serve the purpose of making money for shareholders, he says.”
Of course.