In this financial climate, investments are pretty unpredictable. In
fact, one could say — God knows what is a safe investment. So why
not get God on your side?
That is exactly what the Harel Group, Israel’s largest investment and
insurance company, has attempted to do. Earlier this month, Haredi
media report, Rabbi Yosef Shalom Eliyashiv, Israel’s most influential
authority on religious law, gave his blessing to an investment track
in the Harel Gilad pension fund.
This followed an endorsement of the track by the Oversight Committee
for Financial Investments of the Haredi umbrella organization the Eida
Haredit. What, you may ask, does this endorsement mean? That
investments don’t go to non-kosher firms? Well, kind of.
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