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

ADX may be open to Shariah compliance

Posted on 28 April 2010

From Business24-7.ae: The Acting Chief Executive and Director of Operations, Rashed Al Baloushi, yesterday said that there is no current policy for the ADX to operate in compliance with Shariah, but this may happen in future.

He said no steps have been taken as yet to classify listed companies as Islamic and non-Islamic…………………………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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