The proposed fund was to invest in stocks that are part of an index, which comprises shares that are compliant with Shariah laws.

Shivji himself is currently working with a few such developers in Mumbai, but admitted that there's a dilemma surrounding the developers’ p...

SBI MF, which had earlier plans to launch this scheme on December 1, is now reviewing the structure of the product.

Shariah laws prohibit one from investing in companies dealing with businesses like alcohol and tobacco, among others. They also do not allo...

The leading asset management firm will become the fourth fund house in India to have an Islamic equity fund after Goldman Sachs MF, Taurus ...

"We got to see that Islamic Banking which does not allow charging interest or taking of interest is inconsistent with our existing laws..."...

The bench consisting of Chief Justice J Chelameswar and Justice PR Ramachandra Menon dismissed the petitions filed by Janata Party presiden...

The division bench of Kerala High Court dismissed writ petitions filed against govt sanction for starting a non-banking finance company by ...

Reliance Capital Asset Management's Malaysian arm today announced the launch of its first Shariah-compliant products, including an India Fu...

Shariah-based mutual fund (MF) schemes have made a quiet entry into the Indian investment arena.

Introducing a newer concept in Indian mutual fund industry, Taurus mutual fund on Wednesday launched its Taurus Ethical Fund.

Benchmark Asset Management is launching a Shariah-compliant open-ended exchange traded fund that will enable millions of Muslims and other ...

Both Indian and Pakistani community of Chicago and its suburbs are in a state of unrest and shock due to an unbelievable investment scam wo...

Reliance Mutual Fund, UTI Asset Management, Way2Wealth and the newly-approved Edelweiss Mutual Fund - are planning to launch Shariah-compli...

Reliance Money today joined hands with Parsoli Corp to launch the country's first Shariah- compliant Portfolio Management Scheme for invest...

Britain's Treasury is likely to back plans to issue Shariah law-compliant bonds, officials said on Sunday amid continuing debate about the ...

The 2i Capital Group, which operates in India, UK and Mauritius, in a consortium with Oman-based Amwal Investment SAOC has launched a $300-...