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Islamic Finance Briefing - Categorized | Funds, Market Moves more

India woos Islamic funds

Posted on 17 January 2011

From Gulfnews.com: The Bombay Stock Exchange (BSE), Asia’s oldest bourse, launched its first Sharia-compliant stock index in December in a move that could boost offerings of exchange traded funds (ETFs) and mutual funds to tap into India’s fast-expanding economy.
Islamic finance in India, home to the world’s second-largest Muslim population after Indonesia, is still in its infancy and the new benchmark should help channel socially-conscious investor savings of more than $1 trillion in the coming years, including from the cash-rich Gulf……………………………………….Full Article: Source

 
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