Nasdaq creates its first sharia indexes

Nasdaq's new indexes are aimed at the Islamic market

Nasdaq OMX has taken its first steps in the Islamic investment space with the launch of two sharia-compliant indexes, based on the benchmark Nasdaq 100 and OMX Stockholm Benchmark indexes.

The Nasdaq 100 Sharia Index and the OMX Stockholm Benchmark Sharia Index are a response to growing demand for a wider range of Islamic investments by investors and are the first in an intended family of indexes aimed those who want an Islamic investment portfolio, says Nasdaq. The indexes are aimed at investors

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