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Parsoli Corporation
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Founded in 1990 and headquartered in Ahmedabad, India, Parsoli Corporation Limited was a prominent financial services company that pioneered Islamic (Sharia-compliant) finance and stockbroking in India. The company offered a range of services including equity broking, portfolio management, and financial advisory, catering to investors seeking to adhere to Islamic principles. However, its primary operations were suspended following a major regulatory ban by the Securities and Exchange Board of India (SEBI) in 2011 for market manipulation.
India
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