Communalising Stock sector – BSE to launch Shariah-compliant Index

via HK published on December 25, 2010

Mumbai: In partnership with Taqwaa Advisory and Shariah Investment Solutions a private limited company Bombay Stock Exchange is going to launch BSE TASIS Shariah 50 index from Monday, December 27.

According to a press release – The Index will be the first Shariah Index created in India utilising the strict guidelines and local expertise of a domestic, the India-based Shariah advisory board.   Dar al Sharia (Shariah structuring, UAE) and Egen (Project Consultancy, Bangladesh) are also it’s associates.

Those who failed to communalize banking sector by introducing Islamic banking owing opposition from Nationalistic quarters now succeeded in stamping their green card in Indian stock sector.

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