From Arabnews.com: The Bombay Stock Exchange (BSE) is currently working with a number of firms who are interested in structuring Shariah-compliant equity fund products off its recently-launched BSE Tasis Shariah 50 Index within the next 12 months.

Madhu Kannan, managing director and CEO of the BSE, confirmed in an interview that he was “very pleased by what has been a very warm response to this product by market participants.”……………………………………Full Article: Source