From Equitymaster.com: BSE launched its Shariah Index this week. But what is the Shariah index. The Shariah index is an index made up of 50 of the Shariah compliant companies out of the BSE 500. But what does Shariah mean and how does one know whether a stock is a Shariah compliant stock. Shariah is Islamic law that governs the day-to-day life in Islam.
This holds relevance for investing in companies as well. As per Shariah, a person can only invest in those companies which fulfil the following conditions:………………………………………Full Article: Source