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Sharia-compliant MF schemes make a silent entry into India

Posted on 13 March 2009

From Timesofindia.indiatimes.com: Shariah-based mutual fund (MF) schemes have made a quiet entry into the Indian investment arena. Benchmark AMC, a fund house that specialises in index-based investing, has recently closed subscriptions for a Shariah-based fund.

A similar offering from Taurus Mutual Fund, Taurus Ethical Fund, is currently open for subscription. Shariah is Islamic law derived from Quran and Hadis, the traditions of the Prophet, which governs all aspects of Muslim life….. Full Article: Source

 
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