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107 articles
Al-Khair Co-operative Credit Society: The Complete Guide (2026)
Patna's Al-Khair is the most price-transparent interest-free society in India: published membership costs, doorstep deposits, and printed loan charges of 8 to 18 percent one-time. The complete guide with every caveat.
Bait-Un-Nas'r: Mumbai's 50-Year Interest-Free Institution, Reviewed (2026)
Established October 1976 with INR 11,635, Bait-Un-Nas'r now runs nine branches across Mumbai and Thane with five deposit schemes and five qard hasan loan lines. The complete guide, caveats included.
India's Shariah Indices Explained: Nifty50 Shariah, Nifty500 Shariah and BSE 500 Shariah (2026)
With no SEBI Shariah framework, India's Shariah indices are the de facto regulatory layer of halal equity investing. Here is how the Nifty50 Shariah, Nifty500 Shariah, Nifty Shariah 25 and BSE 500 Shariah actually work.
Why India Has No Islamic Banks: The RBI Story, Told Accurately
The world's largest Muslim-minority country licenses no Islamic banks. The reason is legal architecture, not theology: the Banking Regulation Act, an RBI examination that ended quietly in 2017, and a capital market that became the default home for halal money.
Tata Ethical Fund (2026): India's Oldest Halal Fund, Honestly Reviewed
Running since May 1996, TASIS-certified, purification published, Rs 100 SIP entry. Tata Ethical Fund is the anchor of Indian halal investing. Here is what the numbers say, including the ones that flatter it less.
Taurus Ethical Fund (2026): Good Screens, and a Certification Gap You Should Know About
Taurus Ethical Fund prints exact screening thresholds in its SID and keeps idle cash out of interest-bearing instruments. It also carries the most awkward fact in Indian halal investing: TASIS publicly states it does not certify this fund.
Nippon India Shariah BeES (2026): India's Only Shariah ETF, Reviewed
One ticker gives Indian investors TASIS-screened large-cap exposure with no exit load and single-unit entry. It also gives them 17 stocks, a third of the weight in two IT names, and a Rs 55 crore book. The full picture.
Quantum Ethical Fund (2026): Ethical by Mandate, Uncertified by Design
The first new fund in India's ethical category in 15 years is beating its Shariah benchmark. It also publishes no Shariah board, no advisor and no certificate, and folds Jainism into its screen. Both halves matter.
TASIS and Who Certifies Halal in India (2026)
SEBI licenses the advisers and RBI the NBFCs, but nobody licenses the certifiers. Inside TASIS, the Mumbai firm that functions as India's de facto Shariah standards body, and the ledger that lets you verify who is actually certified.