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FAQs

Subject - Mutual Fund/ETF

Investment

1. Investment in Tata Ethical Fund (TEF) date: 16 SEP 2022

Are all the owners of the said companies where TEF invests our money, Purely Non Muslims? i.e all the companies have 100% non muslim owners and no muslim holds any shares of any percentage in the given company?

2. Investment in Mutual Fund Secured or Unsecured date: 16 SEP 2022

Is our money invested in any Equity based Mutual Fund Scheme secured?

3. Status of ETFs date: 17 SEP 2022

Is NIPPON India ETF Shariah Bees Compliant