S&P launches fully investable Pan Asia Shariah Index for Islamic investors
MUMBAI (Thomson Financial) - Standard & Poor's said it launched a fully investable S&P Pan Asia Shariah Index, which draws stocks from nine Asian markets in the S&P Citigroup Global Equity Index.
The new index will enable Islamic investors to benchmark their investment on a regional basis, and give product providers the opportunity to develop structured products tailored to the Islamic market, S&P said.
The countries eligible for inclusion are China, Hong Kong, India, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand while Australia, Japan and New Zealand are excluded.
Among the Indian companies that figure on the list are Infosys Technologies Ltd, Wipro Technologies, Oil & Natural Gas Corp Ltd and Reliance Industries Ltd.
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1) S&P launches fully investable Pan Asia Shariah Index for Islamic investors
Wednesday, June 27, 2007
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