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

Tap a Gulf with Islamic index

Posted on 13 January 2011

From Telegraphindia.com: A Shariah-compliant stock index launched recently by the BSE could help draw trillions of dollars from oil-rich West Asia and prompt Indian Muslims to shed their aversion to shares, investment analysts from the community believe.
The analysts — most of whom have set up firms that channel investment into stocks — say they will rope in clerics to leverage their influence in the Gulf. One analyst claimed the countries of that region were not keen to invest in the US and Europe after 9/11 and the wars in Afghanistan and Iraq that followed the attack……………………………………….Full Article: Source

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