In the year 2000, IBF Net joined hands with Parsoli to develop India's first Islamic equity index called Parsoli-IBF Equity (PIE) Index. Parsoli Corporation Limited, India is now a pioneer in bringing Shariah-compliant investment into India. Read media reports about PIE Index below:

• Islamic Capital Market Fact Finding Report [Report of the Islamic Capital Market Task Force of the International Organization of Security Commissions (IOSCO), see page 30, para 4]

• Capital Market Master Plan, Securities Commission Malaysia, see page 45

• Muslim investors too get bullish about stock market, Zee News Report, March 20, 2006

• Investing the Islamic way, Rediff Report, May 2005

• An Islamic Wealth Management System, Report in Milli Gazette, May 01, 2005

• PIE Index Report in Community News, Milli Gazette, January 01, 2000

• Time of India Report on PIE Index, January 2000 

PIE Index is being compiled daily by PCL and can be accessed at http://islamic-equity.co.in

First Global Knowledge Centre, Sri Lanka

In April 2006, IBF Net teamed up with First Global Knowledge Center (FGKC) to offer IIIBF professional certification programs in Sri Lanka. First Global Knowledge Centre is a member firm of the First Global Group who are among the pioneers in bringing Islamic banking and finance into Sri Lanka. Today, FGKC is fully equipped with a dynamic team to become an active regional knowledge center that ‘empowers knowledge to transform lives’ of many. The knowledge center has its own training facilities, access to internet facilities and an informative library with a wide collection of books, magazines, manual, audios, videos and CDs in the filed of Islamic finance and other management related subject.

Read media Reports about IIIBF-FGKC collaboration and launching of IIIBF programs in Sri Lanka below:

• Daily News, May 02, 2006
• Sunday Observer, April 30, 2006