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

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.