Shariah-compliant mutual funds are governed by the requirements of Shariah law and the principles of the Islamic religion. These funds are considered to be a type of socially responsible investing. There are four Sharia-compliant mutual funds in India—Tata Ethical, Taurus Ethical, Quantum Ethical Fund and Nippon India ETF Shariah BeES. The first three are actively managed schemes and Nippon India ETF Sharia BeES is an exchange-traded fund (ETF) that invests in the Nifty50 Sharia Index.

Alternatively you can also invest directly into the constituent stocks of Shariah Indices of NSE & BSE. You need to have a demat cum trading account to be able to invest into an ETF and stocks.