British Muslims - of which there are around two million - have a hard time finding investment product...
The Parsoli Global Islamic Equity Fund has offered ISA investments since May and primarily offers Muslim investors a way of getting round religious decrees regarding usury.
Sharia, or Islamic law, forbids followers from making gains from interest on money.
That makes life extremely difficult for Muslims, as even the most basic bank account will pay some level of interest.
Capital growth is not expressly forbidden, which leaves the door open to take part in fund products that promise not to invest in businesses such as pork producers, pornography publishers or pubs and breweries.
The Parsoli fund offers a minimum investment of £1,000, and offers the usual ISA and other tax efficiency options.
Some argue that this addition to the ethical investment community would also be welcomed by non-muslims, themselves keen to avoid certain asset holdings.
But others argue that the high fees being charged by Parsoli - initial charges of 5.75% and annual charges of 2.25% - are too much for a type of investing that by its nature carries higher risk because it narrows the spread of sectors available from which to tap into capital growth.
Parsoli says the higher charges reflect the need to have on hand a particular sort of investment advisor, one that can make sure investments are Sharia compliant.
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