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Turning a Profit with Halakhic Investments

Read about Yaakov Moreshet and his Hilat Shoham investment fund in this article from Haaretz. What makes this investment fund special is that it only makes “halachic” investments:

  • He wont invest in Jewish companies that work on Shabbat
  • No investing in Jewis Car Rental companies that rent out cars on Shabbat
  • No purchasing bonds from Jewish companies that operate on Shabbat
  • (Presumably the same holds true for investing in companies that have halachically inappropriate businesses – I cant see them investing in Playboy Magazine or a McDonalds)

The most impressive part of this (in addition to the dedication to halacha, and trying to find a halachic way to approach the business world..aand the fact that Haaretz wrote a positive article about something religious) is the success of this venture:

Considering the restrictions with which Moreshet is coping, Hilat’s yields can truly be considered miraculous. The Shoham Gmisha mutual fund recorded a yield of 34 percent in the past year and 108 percent over the past three years. In these same periods the leading Israeli shares indexes had much lower yields: The general index rose by 12.8 percent over the past year and by 76 percent in the past three years, while the Tel Aviv 25 index rose by 20 percent and 100 percent, and the Tel Aviv 100 index by 19.5 percent and 95 percent.

Even Hilat’s dollar- and shekel-linked funds performed well, and three of the funds even received the maximum 5-star rating awarded by Kranot Meida Zahav rating company.

This entry was posted on November 30th, 2006 at 13:04 by Yaakov and is filed under Misc, Only in EY. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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