Vatican bank president promotes faith-consistent investment funds
November 14, 2024
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CWN Editor's Note: The president of the Institute for the Works of Religion (IOR, or Vatican bank) said that only a small number of investment funds make their investments in a manner consistent with the Catholic faith and contrasted the funds’ small number with the dozens of Sharia-compliant funds for Muslim investors.
Jean-Baptiste de Franssu added that few bishops and religious superiors know how to invest their funds in a manner consistent with the Catholic faith.
The Vatican bank president, who is working with the Collège des Bernardins in Paris to develop a 20-hour online course on faith-consistent investing, made his remarks at the Mensuram Bonam Conference in London, named after a 2022 document issued by the Pontifical Academy of Social Sciences.
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