The Ayalon Investment House, managed by Levi Rahmani, has started a new investment fund that promises to invest only in stocks issued by companies that adhere to halacha, Jewish law. The fund is “supervised” by Rabbi Aryeh Dvir. Among the companies to be included in the fund will be those that do not operate on the Jewish Sabbath, do not sell food products made with milk and meat, and do not collect direct interest from Jews; other halachic criteria will be applied as well.
The fund will invest 75% of its assets in government-issued bonds and 20% in “kosher” private firms. Within its first week, the fund attracted some NIS 58 million in investments.