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India launches sharia stock index for Muslims

Mon, 2010-12-27 16:56 — newsdesk

India's Bombay Stock Exchange launched a share index of sharia-compliant companies on Monday in an attempt to open stock-trading to more Muslims.
The BSE TASIS Sharia 50 consists of the largest and most liquid sharia-compliant stocks within the BSE 500 index.
The index would attract Islamic and other "socially responsible" investors both in India and overseas.

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