Gloo Holdings made its debut on the Nasdaq exchange this week, drawing renewed attention to the niche but growing field of faith-based investing, where investors allocate capital to companies aligned with their religious values.

Industry analysts note that demand for "values-aligned" investment products has risen since Republican Donald Trump returned to the White House, as conservative investors seek portfolios reflecting their beliefs.

A Brightlight investment advisory report estimates the faith-based investing market now exceeds $130 billion, with 27 asset managers overseeing 231 dedicated products and strategies. Meanwhile, Sharia-compliant investment vehicles remain widely adopted in the Middle East, where many investors avoid interest-bearing or Islamically prohibited sectors.

Recent global faith-based IPOs include:

Christian-focused tech platform Gloo: Listed on Nasdaq earlier this week with a flat opening price, valuing the company at $586 million. Founded in 2013, it provides AI-powered tools for 140,000 faith leaders and nonprofit organizers.

Angel Studios: The producer of values-driven films like religious thriller "Sound of Freedom" went public via SPAC merger in September at a $1.6 billion valuation.

Pakistan's Lucky Investments: Raised $170 million through April's Sharia-compliant money market fund IPO, demonstrating strong demand for Islamic finance products.

Notable U.S. faith-based investment vehicles:

Global X S&P 500 Christian Values ETF: Tracks U.S. stocks deemed "consistent with Christian ethics and biblical principles."

Inspire Investing: The self-described largest faith-based ETF provider manages the "Inspire 100 ETF," focusing on biblically aligned large-cap U.S. firms.

Ave Maria Mutual Funds: Offers seven funds explicitly excluding companies contradicting Catholic teachings.