Comparing performance: socially responsible versus sharia-compliant

As the mutual fund industry has developed, in more recent years it has witnessed the growth of sharia-compliant funds (SCFs) and socially responsible funds (SRFs). Both of these alternative investment tools came into existence as traditional products do not fit the criteria of Islamic and ethical principles. In addition to financial screening (for risk and return), these funds also use certain non-financial screening criteria to filter their investments along ethical and religious l…