From Arabnews.com: The launch over the last few weeks by the Bombay Stock Exchange (BSE) and the Istanbul Stock Exchange (ISE) of their debut equity indexes which comply with non-interest based Islamic investment principles is potentially a major development for the Islamic capital market and asset management industry.
India with the world’s largest Muslim minority of between 150 million to 200 million and Turkey with a population nearing 70 million, are both untapped markets for Islamic investment funds especially equities, exchange-traded funds (ETFs), exchange traded commodities (ETCs) and index-linked equity funds……………………………………….Full Article: Source