Dubai: Elfina Financial Investment Consultancy, the investment arm of the House of Patels, has announced that the company will promote the distribution of Reliance Money's Sharia-compliant portfolio management schemes and other similar products in the UAE.

This is India's only Sharia-compliant fund and the minimum investment required is $50,000. Reliance Money is a wholly owned subsidiary of Reliance Capital part of the Anil Dhirubhai Ambani Group

"We are delighted to promote India's first Sharia- compliant portfolio management services for the audience in the UAE. Elfina will work with Reliance Money to ensure compliance with Sharia and market new financial products and services of Reliance Money, said Elfina's and House of Patel's chairman Asgar Patel.