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Kosher financial assets, coming shortly
By Sarit Menahem

The highest court of the ultra-Orthodox community, the Badatz in Jerusalem, will award kashrut licenses to various financial instruments to indicate compliance with rabbinic court regulations. Observant investors often seek to put their money with companies that comply with kashrut laws.

Awarding such licenses to financial instruments such as mutual funds, provident funds and pension funds will allow the ultra-Orthodox sector to invest in them.
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"The financial investment market in the Haredi sector has undergone a huge upgrade in the past year. Banks are investing a great deal of resources in marketing and advertisement to this sector, and investment houses are now taking an interest," says Shuky Batist, manager of advertising agency Tovanot. He added that one impetus behind the idea is that more Haredim work these days.
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