03.11.2010 - Tata targets Gulf in India Shariah stock fund: Islamic finance
From Bloomberg: Tata Groupís investment unit is seeking to attract about $100 million within three years to Indiaís first Shariah-compliant stock fund aimed at global investors, targeting equities in a country that lacks regulations for establishing an Islamic debt market. The Tata Indian Shariah Equity Fund, has $3 million after being set up in June to tap investment mainly from the Middle East, said Mumbai-based Tata Asset Management Ltd., which oversees $5 billion in stocks and bonds, in an e-mailed reply to questions yesterday..............................................Full Article: Source
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