FTSE launches Shariah global index series
The index series can be used by even the most conservative Shariah-compliant investors since it makes use of asset-based debt screening.
Index provider FTSE Group and Yasaar Research have launched the FTSE Shariah Global Equity Index Series.The index series is made up of 96 new Shariah-compliant indices, including the FTSE Shariah Developed Index Series, the FTSE Shariah Emerging Index Series, the FTSE Shariah All-World Index Series, and the FTSE Shariah Multinationals 150 Index. Constituents of the index series are based on the large- and mid-capitalized stocks in the FTSE Global Equity Index Series. FTSE factors in a…
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