A new fund, the Global Iman Fund, is set to give investors the opportunity to see their money grow based on their own personal beliefs. The new fund, launched by Global Prosperata Funds Inc, focuses on socially responsible investing. Vice-Global Prosperata Funds Inc President, Glenn Moore, was reported to have said, "In spite of the current financial situation in both developed and emerging economies, ethical funds similar to the Global Iman Fund have been impacted to a lesser degree than traditional financial markets,"

The Global Iman Fund, availabled in Canada, provides investors with a more stable option since it stays away from financial leveraging, short-selling, derivatives and investing in financial firms such as banks and insurance companies-all of which have caused a lot of volatility in the markets.

However, aside from this, Canadians are now more socially conscious. Many Canadians find following certain ethical investment principles important. Investing in companies around the world, the Global Iman Fund avoids industries such as alcohol, tobacco, firearms, and gambling. This philosophy also allows it to be Shari'ah compliant for Canadians wishing to invest on that basis.

The Global Iman Fund is eligible for RSPs, RIFs, non-registered plans, and even in the Tax-Free Savings Account. And, RESP eligibility is currently pending. The Global Iman fund is the first fund to be launched by Global Prosperata Funds Inc. Other Canadian and Global Emerging Markets equity funds and non-equity based Shari'ah-compliant ethical funds are being developed for the future.