26.07.2012 - Islamic index products struggle in Gulf investment culture
Islamic exchange-traded funds (ETFs) are struggling to attract fresh investors, in contrast to a move by Western investors into conventional ETFs - a difference due to the Gulf's plain-vanilla investment culture and the way in which institutions choose financial products. ETFs are funds which track indexes of shares, bonds or commodities and are traded like stocks. Their sharia-compliant versions follow religious principles such as bans on interest and gambling...............................................Full Article: Source
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