The Philippine Stock Exchange hopes to complete a list of Shariah-compliant stocks by next year, as this is expected to attract local and foreign Muslim investors. “We’re hoping that we can actually have an index sometime next year,” PSE President Hans Sicat said.
“We’re working with the NCMF (National Commission for Muslim Filipinos) essentially to help with this project … [and] over the last few weeks, we have invited experts or those who are already participating in these Shariah-compliant boards to talk about the processes and [act] as advisers,” he added………………………………………..Full Article: Source