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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Ambani’s Reliance Asset aims to tap Shariah market

Posted on 25 January 2010

From Businessweek.com: Indian billionaire Anil Ambani’s Reliance Capital Ltd., owner of the nation’s largest mutual fund manager by assets, set up a Malaysian unit to serve as a global hub for Shariah-compliant financial products.

Reliance Asset Management (Malaysia) Sdn. aims to tap the retail market for products that comply with Islamic law, and has started hiring people, an e-mailed statement from the Mumbai- based company said, citing Vikrant Gugnani, chief executive officer of Reliance Capital’s international businesses…………………Full Article: Source

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