The Australian financial services sector has taken another step in wooing regional investment through the creation of an Islamic equities index. The Thomson Reuters Crescent Wealth Islamic Australia index launched today to tap the burgeoning Islamic-finance market domestically and abroad.
Pharmaceutical stock CSL makes up 10.1 per cent of the Islamic index, followed by Woodside Petroleum at 9.5 per cent, and Original Energy at 8.7, per cent. The index, which has a bias toward resources and energy stock, excludes businesses involved in pornography, alcohol, cinema, insurance, gambling, hotels, music, pork and tobacco, among others………………………………………..Full Article: Source