India's Bombay Stock Exchange launches Islamic index

Newswire

MUMBAI, Dec 27 (Reuters) - India's Bombay Stock Exchange along with Taqwaa Advisory and Shariah Investment Solutions (TASIS) launched a Shariah compliant index on Monday in an effort to attract more investors from India and abroad. The index allows investors to buy stocks without violating Islamic investment guidelines. "Before anyone can attract investors, we need to put in place institutional infrastructure, and having an index to track Shariah compliant stock is important," M.H. ...

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