Venue: C C Mehta Auditorium, M. S. University, Opp. Railway Station, Baroda.
RSVP : 9898021223
Date: 26th April, 2008
 
Zafar Sareshwala
on islamic investments and their amazing potential in india
Shari’ah related Query
Stock related Query
Messsage from the Chairman’s desk
In April 2006 Baader Wertpapierhandelsbank AG , one of the leading banks providing a broad spectrim of investment services across Europe, became a major shareholder of Parsoli Corporation Limited.

We are particularly excited about this investment, India is a highly attractive market and parsoli Corporation Limited is a very promising company. We look forward to working with our new partner.

Why did we choose India? Being a modern and innovative family business and being a publicly listed company at the same time Baader naturally looks for growth opportunities outside Germany.

India is one of the strongest growing economies in the world. In the past 15 years it has shown a remarkable stable increase in GDP. International banks almost unanimously forecast that India will be a top performer among the BRIC countries  (Brazil, Russia , India and China) and the “Next Eleven (Egypt, Bangladesh, Indonasia, Iran, Mexico, Nigeria, Pakistan, hilippines, South Korea, Turkey, Vietnam) in the coming decade. But this is not the only reason to favour India over any other prospering economy.

Already at this point capital markets in India are strong & solid. Unlike in other fast growing economics in India large parts of the population participate in the increasing prosperity. The current savings ratio amounts almost to an incredible 30 percent. And the number of people that economists consider to be higher income people increases at the speed of 25 percent annually.

India is a young nation. Its demographic structure with a high percentage of young people forms the strong backbone of this healthy economy.

The Bombay Stock Exchange is the oldest exchange in Asia. Furthermore, India is the BRIC country with the best functioning public market for derivatives. The Indian legal system with its Anglo- Saxon roots and the widely –spread acceptance of English as a business language turns India into a much sought-after trading partner.

From a German perspective India is more accessible than Brazil or China , regarding both traveling time and time difference . with the respect to political stability India, the largest democracy worldwide, is far more predictable and reliable than all other BRIC countries.

With Parsoli Corporation Limited we have found the ideal partner for our commitment in India. Parsoli being a company providing Shari`ah compliant and ethical investment services to its niche market , embraces certain ethic, Humanitarian and moral principles, which we share irrespective of our different religions , nationalities or ethnic backgrounds.

Parsoli has started its business in a niche market by offering, Sharia- compliant financial products to its niche market. We are convinced that Parsoli will expand from the niche market. It has great potential and is in excellent starting position to benefit from the ongoing upsurge of Indian capital markets.

Baader  AG supports Parsoli in this endeavor. And we have more to offer than merely providing capital. Baader has many years of experience in setting- up highly innovative IT – infrastructure and constantly adapting it to market needs. We look forward to sharing our know- how with our new partner . May Parsoli thrive and prosper.