Brand Update

Desi Brand

Shariah 50 index

The Bombay Stock Exchange launched India's first Shariah-compliant index The `BSE Tasis Shariah 50' index, to promote financial inclusion among Muslims.

The index comprises 50 of the largest and most liquid Shariah-compliant stocks within the BSE 500. It has been launched by the BSE along with Taqwaa Advisory and Shariah Investment Solutions (Tasis), which has been involved with most of the Shariah-compliant financial products launched in the country.

Tata Asset Management Ltd earlier this year set up the Tata Indian Shariah Equity Fund to tap investments from the Gulf and the Middle East.
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