From WSJ: Russell Investments of the U.S. and Jadwa Investments of Saudi Arabia said they have teamed up to create an index of shares complying with Shariah, or Islamic law.

The two groups said the new indexes offer the broadest Shariah-compliant coverage of any index, with 2,700 qualifying shares from 60 countries. The securities are drawn from the 10,000 in the Russell Global Index……..Full Article (Subscription Required) : Source