About Nifty50 Shariah The Nifty50 Shariah Index is a stock market index that includes 17 of the largest and most liquid companies listed on the National Stock Exchange of India, which are compliant with Shariah investment principles. It is designed to offer investors Shariah-compliant investment solutions and can be used for benchmarking fund portfolios, launching index funds, ETFs, and structured products. The index is calculated using a periodic capped free-float methodology and is rebalanced monthly to ensure compliance with Shariah standards.