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Russell and IdealRatings team up on new Shariah-compliant index series

Posted on 03 April 2013

Global index provider Russell Indexes and IdealRatings, a provider of Islamic finance information, have introduced the Russell-IdealRatings Islamic Index Series, a new index series aimed at Islamic investors seeking Shariah-compliant benchmark solutions.
The new equity indices, which are based on the Russell Global Index universe of over 10,000 securities, combine the methodology of Russell Indexes with the Shariah oversight of IdealRatings. IdealRatings applies its extensive experience in Shariah-compliant investing to ensure the exclusion of non-compliant businesses according to Shariah law. IdealRatings’ oversight includes specific sector- and financial-based filters. It also includes monitoring and approval by a board of Islamic scholars………………………………………..Full Article: Source

 
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