FAQs

Question

Is NIPPON India ETF Shariah Bees Compliant

Answer

Nippon India ETF Shariah Bees does not represent itself to be a Shariah compliant scheme. It does however by and large invest in shares which constitute the Nifty Shariah Index. On the other hand it does not always make a timely exit from a stock when the stock is out of the Shariah Index due to the stock becoming Shariah Non-compliant. Also relevant is the fact that Nippon India ETF Shariah Bees has not appointed a Shariah board and currently does not follow any Shariah purification process to the best of our knowledge.

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