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Sharia Compliant Index
February 07 , 2013

Sharia or the Islamic law forbids activities such as gambling, pornography, human abortion, cloning, production or trade of non-halal (prohibited) goods, such as alcohol and pork. Similarly Islamists must not pay interest or charge interest. Therefore investment in companies that engage in these activities is prohibited for Islamists.

It is not difficult to find avenues for sharia-compliant investment in India. Close to 50% of the total market capitalization of BSE comprises of stocks that are sharia compliant. BSEs sharia compliant index is named BSE TASIS 50 Shariah. NSE has two sharia indices viz S&P CNX 500 Shariah and S&P CNX Nifty Shariah index.

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