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FTSE launches Shariah physical metals index

Posted on 12 May 2011

Gobal index provider FTSE Group said it launched the first investable Shariah-compliant physical metals index on Wednesday — the FTSE Physical Metals Index Series (PIMI).
“This new index series provides a transparent tool for organizations wishing to reduce the costs and complexity involved in maintaining a long-term industrial metals exposure,” Jonathan Cooper, managing director, Middle East and Africa at FTSE said in a statement……………………………………….Full Article: Source

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