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Article: FTSE and Yasaar Research Launch Shariah Compliant Index Series.
- Article from:
- Albawaba.com
- Article date:
- January 31, 2008
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FTSE Group ("FTSE"), the global index company, and Yasaar Research (Yasaar) today launched the FTSE Shariah Global Equity Index Series, with the launch of 96 new Shariah compliant indices, including the FTSE Shariah Developed Index Series, the FTSE Shariah Emerging Index Series; the FTSE Shariah All-World Index Series; and FTSE Shariah Multinationals 150 Index.
Unlike other competitor methodologies, The FTSE Shariah Global Equity Index Series uses asset-based debt screening, a more conservative approach to Shariah compliance. This ensures that companies do not pass the screening criteria due to market place fluctuation, allowing the methodology to be less ...