The fund has grown at a 32.34 percent annual rate over the past three years. The Timothy Plan Small Cap Value Fund avoids companies that make contraceptives, abortion products or contributes to Planned Parenthood. That fund has grown at an 8.95 percent annual rate over the past three years. Muslims can look to The Amana Group of Funds , which offers domestic and international stock funds. The funds invest in Islamic stocks listed in the Dow Jones Index of Islamic stocks.
Islamic law prohibits investing money in alcohol, tobacco, gambling and pork producers.
The fund also avoids investing in banks because earning interest is forbidden in the Koran. The Amana Growth Fund has grown 30.35 percent over the past three years. Alan Lavine and Gail Liberman are husband-wife personal finance columnists, journalists and authors. Their columns appear in newspapers throughout New England and the Southeast, as well as online. Their commentary on mutual funds and personal finance is carried by 200 radio stations nationwide every Sunday over Business News Network's Charles DeRose Financial Advisor Show.