Gloo Holdings (GLOO) made its Nasdaq debut this week, drawing fresh attention to faith-based investing — a niche but fast-growing segment where investors back companies aligned with their religious values.
Demand has been rising since Donald Trump returned to the White House, with many conservative investors seeking portfolios that reflect their beliefs. According to Brightlight, the faith-aligned investing market is now worth over $130 billion, spanning 231 products managed by 27 firms.
Faith-aligned strategies extend globally:
- In the Middle East, Sharia-compliant investments remain mainstream, avoiding sectors prohibited under Islamic law.
Recent Global Faith-Based Listings
- Gloo: Valued at $586 million at listing; offers AI tools to 140,000+ faith and nonprofit leaders.
- Angel Studios (ANGX): Known for hit film “Sound of Freedom,” went public via a $1.6B SPAC merger.
- Lucky Investments (Pakistan): Raised $170M in a Shariah-compliant money-market fund IPO in April.
Notable U.S. Faith-Based Investment Vehicles
- Global X S&P 500 Christian Values ETF (CHRI) – screens for companies aligned with Christian moral standards.
- Inspire Investing – the world’s largest faith-based ETF issuer; runs the Inspire 100 ETF (BIBL).
- Ave Maria Mutual Funds – excludes companies that violate core Catholic teachings.
As values-driven investing accelerates worldwide, Gloo’s IPO signals rising investor appetite for portfolios that align both financial returns and faith-based principles.