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Article: FTSE and Yasaar Research Launch Shariah Compliant Index Series
- Article from:
- Al Bawaba
- Article date:
- January 31, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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 speculative and
more in keeping ...