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Aug 31, 2003

Praying for dollars

Faith-based investors have gone mainstream and says companies will benefit if they interact

Couple the words 'religion' and 'investments' and they may bring to mind unsavory episodes like the collapse of Italy's Banco Ambrosiano – owned by the Vatican Bank – in the mid-1980s, or the 1999 scandal at Florida-based Greater Ministries International, whose officials were said to have defrauded unwitting investors of more than $100 mn.However those who believe there's something fishy about religious groups getting involved in investing should think again. They are not only

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