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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), New Launches more

Sharia Islamic index added to Istanbul Stock Exchange

Posted on 21 January 2011

From Setimes.com: The Istanbul Stock Exchange (ISE) launched a participation index earlier this month to highlight and track 30 Sharia-compliant companies in an effort to further develop the Islamic finance sector. The Islamic index comes at a time when the world is realising the growth of the global Muslim population.
Since 2004, Turkey has scene a steady rise in Islamic banking. Last August, Istanbul-based Kuveyt Turk Katilim Bankasi sold the country’s first sukuk or Islamic bonds, raising $100 million. Some view the Islamic index with apprehension, others as an opportunity……………………………………….Full Article: Source

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