Reliance Capital launches 'Imaan Investment Plan'

KANPUR: In a bid to attract Muslim investors to stock markets, Reliance Capital Services has launched in Kanpur the 'Imaan Investment Plan' in line with the rules of Islamic Shariyat.

As per the plan, the money from investors will not be invested in banking, non-banking finance, tobacco, liquor, satta, hotel, the sugar sector and entertainment, which are illegal according to Shariyat law, company officials said.

The scheme had been launched in 17 cities in the country and Kanpur is the 18th, said Mohammed Mazhar, in charge of the investment plan from Reliance Capital Services.

Also, the 'Iman Investment Plan' would be launched in 600 cities and districts of the country, he added.