| 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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