By Gopakumar Nediyath
In response to rising demand for Shariah-Compliant investment opportunities, FTSE has developed a range of Shariah indices that provide a broader Shariah index solution for Islamic investors.The FTSE Shariah Global Equity Index Series is based on the Large and Mid Cap stocks in the FTSE Global Equity Index Series universe.Screening is then undertaken by Shariah Consultants, Yasaar Research Inc, against a clear set of guiding principles.
These indices exclude business that offer products and services that are considered non-Shariah law compliant, such as stocks of Companies that operate in alcohol, entertainment, financial services, pork related products and tobacco, as well as Companies where debt is more than 33% of the total assets.Yasaar Scholars, who apply the Shariah Screening to the FTSE Global Equity Index Series, represent all of the major Shariah Schools of thought, creating a best practice approach that has credibility across all regions of the Islamic world.
In addition to the FTSE Shariah Global Index Series, FTSE works with a range of stock exchanges around the world to offer domestic Shariah-Compliant Solutions.These include the FTSE Bursa Malaysia EMAS Shariah Index Series, FTSE NASDAQ Dubai Shariah Index Series, FTSE SET Shariah Index and FTSE SGX Sharia Index series.More recently FTSE has extended its Shariah investment opportunities to include other asset classes such as cammodities; with the world's first Sharia-Compliant FTSE Physical Industrial Metals Index series.
In response to rising demand for Shariah-Compliant investment opportunities, FTSE has developed a range of Shariah indices that provide a broader Shariah index solution for Islamic investors.The FTSE Shariah Global Equity Index Series is based on the Large and Mid Cap stocks in the FTSE Global Equity Index Series universe.Screening is then undertaken by Shariah Consultants, Yasaar Research Inc, against a clear set of guiding principles.
These indices exclude business that offer products and services that are considered non-Shariah law compliant, such as stocks of Companies that operate in alcohol, entertainment, financial services, pork related products and tobacco, as well as Companies where debt is more than 33% of the total assets.Yasaar Scholars, who apply the Shariah Screening to the FTSE Global Equity Index Series, represent all of the major Shariah Schools of thought, creating a best practice approach that has credibility across all regions of the Islamic world.
In addition to the FTSE Shariah Global Index Series, FTSE works with a range of stock exchanges around the world to offer domestic Shariah-Compliant Solutions.These include the FTSE Bursa Malaysia EMAS Shariah Index Series, FTSE NASDAQ Dubai Shariah Index Series, FTSE SET Shariah Index and FTSE SGX Sharia Index series.More recently FTSE has extended its Shariah investment opportunities to include other asset classes such as cammodities; with the world's first Sharia-Compliant FTSE Physical Industrial Metals Index series.
No comments:
Post a Comment