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Indian corporates foray into Islamic finance

Posted on 15 November 2010

From Arabnews.com: The launch by India’s Tata Group of its debut Islamic equity fund two weeks ago sees the entry of another major Indian asset management company in the Islamic finance space. This follows the establishment by the rival Reliance Anil Dhirubahi Ambani Group of a dedicated Islamic asset management company in Malaysia, Reliance Asset Management Malaysia Sdn Bhd.
While Reliance seems to be a bit over-cautious, Tata in October 2010 launched the Tata Indian Shariah Equity Fund (TISEF) through its Tata Asset Management (Mauritius) Private Limited (TAMM), which is also the fund manager……………………………………….Full Article: Source

 
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