SBKFF News Alert State Bk India Reg S (SBKFF) 48.1900 02/15/2015
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Posted On: 02/15/2015 12:42:33 PM
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India's state-owned bank to launch Islamic fund
By NIRMALA GEORGE - AP - Wed Nov 26, 7:38AM CST
NEW DELHI (AP) — India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims.The Securities and Exchange Board of India, the country's capital markets regulator, recently allowed the government-owned State Bank of India and three mutual funds to launch Shariah funds.
India's state-owned bank to launch Islamic fund
By NIRMALA GEORGE - AP - Wed Nov 26, 7:38AM CST
NEW DELHI (AP) — India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims.The Securities and Exchange Board of India, the country's capital markets regulator, recently allowed the government-owned State Bank of India and three mutual funds to launch Shariah funds.
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