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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Market Moves more

India’s Shariah 50 index: The whys and the hows

Posted on 06 January 2011

From Equitymaster.com: Bombay Stock Exchange (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? Shariah is Islamic law that governs the day-to-day life in Islam. This holds relevance for investing in companies as well.
As per criteria set by BSE and TASIS (Taqwaa Advisory and Shariah Investment Solutions (P) Ltd.), a company can be considered Shariah compliant only if it meets the following conditions:……………………………………Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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