03.11.2009 - Shariah-compliant equities lag as investors dive back into financials
From Cpifinancial.net: Shari’ah-compliant stocks underperformed the broader market in the Gulf Cooperation Council, US and Europe during the third quarter of 2009, according to the latest Shari’ah Scorecard published by Standard & Poor’s, as Islamic investors remained on the sidelines while the financial sector rallied. The S&P Global BMI Shari’ah Index returned 15.46 per cent over the three months to September 30, 2009, as investors demonstrated renewed risk appetite for equities amid signs the global economy may be stabilising and bid financial stocks higher..........................Full Article: Source
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