A Study on Critical Analysis on TATA Ethical Fund Investment as Sharia Compliant Mutual Fund

Mohammed Hassain T

Published on: 2024-07-26

Abstract

The financial market has been rapidly exacerbated in the world economy. The Mutual funds is a pool of money managed by asset management companies. The Indian mutual fund industry has marked an uptick growth rate. The ethical mutual fund which is a Sharia compliant fund has been demanded by long term investors. Several Muslim have come forward to the Indian financial market to manage their money as a professional manner without breaching the Sharia principles. The TATA ethical fund has been considered as a Sharia compliant fund in the Indian financial market. This paper critically analyses the TATA ethical fund on the basis of Islamic Sharia principles so this work is entitled as a study on critical analysis of TATA Ethical fund investment as Sharia compliant mutual fund. It finds out that the TATA ethical funds cannot be termed as Sharia compliant funds but it can be termed as an ethical fund. It will literally pave the right way to Sharia compliant fund investors, researchers and academics.