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Article: Reliance Money to launch Sharia-compliant portfolio in Gulf.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 4, 2008
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Reliance Money to launch Sharia-compliant portfolio in Gulf
Dubai, May 4 (PTI) -- Anil Dhirubhai Ambani Group company Reliance Money has joined hands with Parsoli Corporation to launch its first Islamic Sharia-compliant portfolio management schemes for investors in India and the Middle-East, says a media report.
"A significant part of India's population has not been offered appropriate financial products in compliance with the relevant religious sentiments," Sudip Bandyopadhyay, Director and CEO of Reliance Money told the Gulf News.
"Sharia-compliant PMS by Reliance Money along with Parsoli Corporation, would enable us to tap this sector and ...