12.11.2012 - India: Shariah complaint E-trading option for Muslims
National Spot Exchange Limited (NSEL) has launched Shariah compliant E-series products like E-Gold and E-Silver. Under this the retail investors can buy a minimum of 1 unit of gold equivalent to 1 gram of gold and 1 unit of silver equivalent to 100 grams of silver in demat form at real-time Indian prices. TASIS (Taqwaa Advisory and Shariah Investment Solutions (P) Ltd), the premier Shariah Advisory Institution in the field of finance in India, granted Shariah certification to NSEL?s commodity investment products in gold, silver and copper called e-Series after a thorough study and scrutiny of NSEL systems and procedures. Thus NSEL is the first from India to offer e trading in compliance of Shariah...............................................Full Article: Source
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