Islamic Finance 

INTERVIEW-Octaware’s successful IPO lights a path for Shariah-compliant equity options in India

| 07 December, 2017 | Interview
 Syed Ameen Kader, White Paper Media
INTERVIEW-Octaware’s successful IPO lights a path for Shariah-compliant equity options in India
Photo: The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai, India, January 25, 2017. REUTERS/Shailesh Andrade

In March this year, software development company Octaware Technologies Ltd. raised funds from a 148 percent oversubscribed initial public offering (IPO) in the Indian financial market, pointing to healthy investor interest in Shariah-compliant equities in the country. But it wasn’t domestic funds that was channeled into the company.

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