Israel – Mercantile Bank to Inaugurate “Kosher” Mutual Funds.


    Israel – Israel Discount Bank subsidiary Mercantile Discount Bank is set to launch “kosher” mutual funds which will invest in companies that operate according to Jewish law (Halacha).
    The fund’s halachic arbitrator will be a rabbi, who heads an institute specializing in economic research and halacha.

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email

    Mercantile Discount CEO Jacob Tenenbaum confirmed the report and said that the move represented part of the bank’s strategy of becoming the leading banking institution in the haredi sector.
    Mercantile Discount views the haredi sector as a strategic growth target, a policy that is in line with its parent’s overall strategy of turning Mercantile into a niche specialist. [globes]

    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates

    Connect with VINnews

    Join our WhatsApp group

    1 Comment
    Most Voted
    Newest Oldest
    Inline Feedbacks
    View all comments
    16 years ago

    and of course you will have to proof that the money that you are investing is also kosher!