From Indiatimes.com: The current financial year has seen three Shariah compliant products launches. However, the success of such offerings in India remains to be seen.

Reliance Money launched Shariah compliant portfolio management services, Benchmark floated an ETF on similar lines and Taurus Mutual Fund launched a scheme on the same principles. Shariah is an Islamic law that forbids investments in companies which deal in pork, alcohol, gambling, financials, advertising and media, pornography and tobacco, among others. …. Full Article: Source