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India: Market for Shariah grows surely and steadily

Posted on 16 April 2012

Globally, the $1.5 trillion market for Shariah-adherent products is expected to grow by around 20% annually. In India, 1,200 of the total 6,000 stocks are Shariah-compliant already. Over the last one year, Shariah-linked funds, which manage assets worth Rs139 crore, have outperformed the Sensex by a mile.
A cursory comparison of Islam-based investments and broad market performance (as symbolised by the Sensex gyrations) might suggest that Shariah-compliant funds have caught the fancy of Indian investors………………………………………..Full Article: Source

 
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This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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