BSE launches shariah laws complaint index with 50 components

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The oldest stock exchange of Asia,Bombay Stock Exchange launched much awaited index whose components are complaint with shariah islamic laws. Basically companies that stay away from Interest or the sale of alcohol, tobacco and other prohibited goods are included in the index and also these 50 companies are part of BSE 500 index. The weightage cap for scrip in Shariah is kept at 8 percent currently.

The official name of the index is kept as BSE TASIS Sharia 50.

The companies which are part of BSE Shariah 50 index is as follows:

ABB

ACC

Alstom Projects

Ambuja Cements

Areva T&D

Ashok Leyland

Asian Paints

Bajaj Auto

BEML

Bharti Airtel

BHEL

Castrol India

Cipla

Colgate Palmolive

Crompton Greav

Cummins India

Dabur India

Dr Reddys Lab

Exide Inds

Gail India

Glaxosmithkl Cons

Godrej Cons

Grasim Inds

Hero Honda

Hindalco Inds

Hindustan Copp

Hindustan Unilever

Lanco Infra

Lupin

Mahindra & Mahindra

Mangalore Ref

Maruti Suzuki

Mcleod Russel

Mphasis

MRF

Nestle India

ONGC

Opto Circuits

PTC India

RIL

Siemens

Sterling Intl

Tata Global Beverages

TCS

Tech Mahindra

Thermax

Titan Inds

Ultratech Cem

Voltas

Wipro