S&P and Tokyo Stock Exchange expand sharia family in Japan

The index includes 79 Japan-traded stocks selected from the S&P/Topix 150 universe in compliance with Islamic law. Major companies in the index comprise Sony, Nintendo, Toyota, Canon and Honda Motor.

“Since Japan represents approximately 10% of the world’s market capitalisation, Japanese equities, when combined with other major markets, forms a logical core to a sharia portfolio,” says Bob Shakotko, managing director of index services at S&P.

The index is the Japan component of the S&P Global

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