HiLITE Group to launch ₹200 crore Shariah-certified AIF
In short
HiLITE Group is launching a ₹200 crore Shariah-certified Category II AIF. The fund has been certified by TASIS, also known as Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.
This matters for investors who want a fund that follows Shariah rules. It adds another option in the private investment market.
What the reporting says
HiLITE Group is set to launch a ₹200 crore Shariah-certified Category II AIF, with certification from TASIS (Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.). The Shariah certification is the key distinguishing feature mentioned in the source summary. The launch targets investors looking for a compliant alternative in the private markets space.
Why it matters
TASIS, or Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd., is named as the certifier. The development matters for alternative investment investors, especially those seeking Shariah-compliant products in India’s private markets.