Pakistan gets dedicated sharia-compliant index
US index provider Dow Jones and Pakistan financial group JS Group Pakistan have launched the Dow Jones-JS Pakistan Islamic Index.
The sharia-compliant index measures the performance of companies in the Pakistani stock market that pass screens for compliance with Islamic principles.
This is the first time that a dedicated Islamic Index for Pakistan has been launched by a global index provider. Dow Jones intends to license structured products linked to the index.
The components of the index are
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