12.03.2009 - SA's first Shariah-compliant ETF
From Southafrica.info: Absa Capital has launched South Africa's first Shariah-compliant equity-linked exchange traded fund (ETF). The initial public offering for the NewFunds Shariah Top 40 Index ETF opened on 23 February, while the ETF will be listed on the JSE on 6 April. "The Shariah Top 40 Index ETF is a first for South Africa and will redefine the Muslim investment landscape in South Africa," Absa Capital's Vladimir Nedeljkovic said in a statement last month..... Full Article: Source