Kuwait - based Al Madina for Finance and Investment revealed that the value of its investment unit in India fund has witnessed growth by 5% to KWD 1.270 million in August, 2014 said, Talal Youssef Manager of investment funds unit.

Talal, pointed to continues steady performance of the fund and its success in generating remarkable monthly earning.

The India Fund, the world's first Sharia-compliant India Fund was launched by Al Madina launched in late 2005 with aim of buying and selling securities of companies listed on Indian financial markets.

In fund management Al-Madina currently operates two funds (India Fund and Al-Madina Fund) and plans to add further funds in due course.