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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), New Launches more

Bombay Stock Exchange launches broad-based Islamic index

Posted on 02 May 2013

The Bombay Stock Exchange (BSE) has launched an Islamic equity index based on the wide-measure S&P BSE 500 index, providing a new benchmark for Islamic investors in one of the world’s largest stock exchanges.
The new index comprises the largest 500 companies in the BSE, out of more than 5,000 listed, which fit Islamic finance principles such as bans on investing in alcohol, tobacco and gambling-related businesses………………………………………..Full Article: Source

 
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