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Islamic Australia Index opens doors to ‘Shariah-compliant’ portfolios

Posted on 02 February 2012

Talal YassineAn Index for investors who want to build ‘’sharia-compliant” Australian equity portfolios has been launched in Australia. It comes ahead of potential changes to federal tax guidelines that could clear the way for Islamic investment products to enter the local market.
The Thomson Reuters Crescent Wealth Islamic Australia Index, launched yesterday, covers more than 140 stocks with a combined market capitalisation of $160 billion. It joins a list of major global Islamic sharemarket indices, including the family of Dow Jones Islamic Market indices, and the FTSE Global Islamic Index series. ……………………………………….Full Article: Source

 
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