Standard Chartered Plc.

8 investors express interest in Bank Muamalat shares

Five foreign investors and other 3 from Indonesia expressed obvious interest in purchasing 50 percent shares of Bank Muamalat.
The five foreign investors are: Standard Chartered Plc., Qatar Islamic bank SAQ, Oversea Chinese Banking, OCBC Overseas and ING Baring Bank.

Tata Targets Gulf in India Shariah Stock Fund: Islamic Finance

Tata Group’s investment unit is seeking to attract about $100 million within three years to India’s first Shariah-compliant fund aimed at global investors, targeting equities in a country that lacks regulations for establishing an Islamic debt market.
The Tata Indian Shariah Equity Fund has $3 million after being set up in June to tap investment mainly from the Middle East.
India has no Islamic finance policies, restricting sales of Shariah-compliant bonds in a nation with 157 million Muslims, according to Paris-based BNP Paribas SA and Standard Chartered Plc.

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