Religious Portfolios

Many people seek to live a life consistent with the guidance of their
faith. For many years there was little to no opportunity to invest
consistent with one’s faith. Over recent years, some faith-based
investment products have emerged. Most of those products applied an
exclusionary screen to remove investments considered inconsistent with the
respective religion.

While avoiding bad is a good first step, an observant person of faith
should seek to align, as well as reinforce, good. It is important to
research and thoroughly understand all of the guidance so that the
resulting factors can be incorporated into the analysis. Magni has done
that in our religious portfolios by working with acknowledged leaders in
the respective faiths.

Catholic Values

Saint Peter

The Catholic Values portfolio was designed based on the
investment guidelines of the U.S. Council of Catholic Bishops
(USCCB)and chapters seven and eight of
Catholic Social Teachings.
Of the 14 points in the USCCB guidelines, six related to exclusionary
screening. Magni used those six points to perform the exclusionary
screen to remove companies. The remaining eight points relate to
behavior that should be rewarded. Those points were combined with
guidance on business activity in chapters seven and eight of from
Catholic Social Teachings, and the combination were applied to a secular
model for corporate governance best practices. Magni researches and
scores companies for consistency with Catholic Values. The resulting
portfolio recognizes and rewards companies for demonstrated good
behavior. Catholics now have a portfolio that allows them to invest
consistent with their Catholic faith.

Islamic Stewardship

MAGISLM

The Islamic Stewardship portfolio is Shariah compliant, while also
using Maqasid values. A Shariah screen removes companies with a manner
consider haram. As imams will say, there is a better substitut e for
everything that is haram. Living an Islamic life should mean rewarding
the better substitute. Maqasid values provide guidance on the better
substitutes for behavior. These values were applied to a secular model
for corporate governance best practices to create the Islamic
Stewardship model. Magni researches and scores companies for consistency
with expectations in the model. The resulting portfolio recognizes and
rewards companies for demonstrated good behavior. Muslims now have a
portfolio that allows them to invest in a manner that is both Shariah
compliant and rewarding of companies that do good.

Halakhic

Rosh Hashanah

The Halakhic Portfolio was designed based on principles and values in
Jewish law. Observant Jews seek to live consistent with Halakhah in all
of their daily activities, and with this portfolio, they can now invest
in Halakhically compliant public equities. Magni has screened companies
for compliance with Jewish law under the guidance of the
Bais HaVaad Halacha Center.
In addition, this guidance was applied to a secular model for corporate
governance best practices to create the Halakhic Values model. Magni
researches and scores compliant companies for consistency with
expectations in the model. The resulting portfolio recognizes and
rewards companies for demonstrated good behavior consistent with Jewish
practice and values in accordance with Halakhah. Halakhic law also
places requirements on the overall investing process. The Bais HaVaad
designed forms to assure that the entire investing process is Halakhic.
Jews now have a portfolio that allows them to invest in a manner that is
Halakhic.

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