S&P Launches Pan Asia Shariah Index

The index draws stocks from nine Asian markets in the S&P Citigroup Global Equity Index including China, Hong Kong, and India. This will enable Islamic investors to benchmark their investment on a regional basis, and allow product providers to develop structured products tailored to the Islamic market.

The index has been launched with 71 companies with an adjusted market capitalisation of US$810.83bn. Information technology companies represent approximately 35% of the index, followed by telec

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