Thomson Reuter and Crescent Wealth launched on Wednesday Australia’s first research-based Islamic index. The index aims to provide investors who want to build Islamic-compliant Australian equity portfolios a powerful new tool for benchmarking.
The index, called the Thomson Reuters Crescent Wealth Islamic Australian Index, screens companies listed with the Australian Stock Exchange ( ASX ) for compliance with Islamic investment principles. It will initially cover 134 securities which have combined market capitalisation of over $160 billion………………………………………..Full Article: Source