Date:02/05/2008 URL: http://www.thehindu.com/2008/05/02/stories/2008050253561800.htm

Business - Briefly

Reliance Money to launch Shariah PMS

NEW DELHI: Anil Ambani-owned Reliance Money on Thursday joined hands with Parsoli Corporation to launch Shariah-compliant portfolio management scheme (PMS) for investors in India and West Asia. Reliance Money would offer this PMS for Rs. 5 lakh. As per the understanding, Parsoli would work with Reliance Money to ensure compliance with Shariah Laws for the relevant schemes being launched by Reliance firm. — Special Correspondent