S and P Shariah Islamic Index & Indian Companies:
- The Islamic Investment and Banking markets, whether in Europe or in Middle Eastern countries, is one of the fastest growing areas in Financial Services.
- It is a very attractive niche market which needs a tailored approach and customised documentation and products.
- Recently eleven Indian companies have made it to Standard AND Poor’s new Islamic index covering stocks drawn from Asian country indices in its S and P Citigroup Global Index Series.
- These are:
- Tata Consultancy Services
- Infosys Technologies
- Wipro Corporation
- Bharat Heavy Electricals (BHEL)
- Oil and Natural Gas Corp.
- Bharti Televentures
- Hindustan UniLever
- National Thermal Power Corp.
- Reliance Industries
- Reliance Communication &
- Satyam Corp.
- Considering more than 300 Bn $ is lying in islamic countries without the option of appropriate investment options which are shariah complient it is not possible to find investment from there.
- Thus Entry of Indian companies in S and P shariah index is a important news for investors in these stocks.
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1 comment:
good updates kamal
actually these stocks will soon become destination to money from gulf countries or islamic countries
so these timely insights can help us make our investment decisions in time
keep up the good work gentlemen!!
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