Islamic Banking

Islamic Wealth Management System Launched

Paul Das, 20 January 2006

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India-based Parsoli Corporation has launched an Islamic Wealth Management System in the city of Ahmedabad. "This unique system has Islam...

India-based Parsoli Corporation has launched an Islamic Wealth Management System in the city of Ahmedabad.

"This unique system has Islamic Stock Broking, Insurance (Takaful), Islamic Equity Index as some of the tools for wealth maximisation for Muslim investors which is strictly in line with Islamic beliefs," said Zafar Sareshwala, chief executive officer of the Parsoli Corporation.

Ahmedabad was chosen for the launch of the wealth management system because muslims in the state of Gujarat have the highest per capita income and are among the most educated in India, according to the company.

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