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Financial Fix Understanding Halal Mutual Funds And Shariah-Compliant Investments
(MENAFN- Kashmir Observer) Halal Mutual Fund Options in India
In India, specific indices and mutual funds cater to Sharia-compliant investment needs, including:
– **S&P CNX 500 Shariah Index:** These indices ensure the inclusion of companies that comply with Islamic laws.
Example Historical Return
Tata Ethical Fund
Inception: 1 996
Annual Return: Approximately 15%
Investment Value Today: INR 2.9 crores from an initial investment of INR 10 lakhs
By investing in Halal mutual funds, individuals can ensure their financial growth aligns with their religious and ethical values, promoting a socially responsible and ethical approach to wealth management.
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Learn from the insights of @IrshadMushtag, writer, investor, entrepreneur & Founder of MI Securities! Connect for valuable financial advice at [email protected] . Disclaimer: This article is solely for educational purposes. The investment examples here are not recommendatory
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