Shari’ah-compliant stock index in Canada launched

Shari’ah-compliant stock index in Canada launched

toronto stock exchange

Turns out, the Canadian stock market is a good place for Islamic investors.

On Wednesday, Standard & Poor’s launched the S&P/TSX 60 Shariah Index, which is essentially the S&P/TSX 60 index stripped of companies that do not meet Shariah principles that keep investors away from interest-charging companies (banks), pork producers, alcohol producers, casinos and tobacco companies.

The good thing about the Canadian blue chip index is that, apart from banks, there isn’t a whole lot of these no-no companies around. No tobacco. No casinos. No alcohol. No pork.

Read the rest …

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2 responses to “Shari’ah-compliant stock index in Canada launched

  1. I think this Shari’ah-compliant stock index in Canada launched « The Islamic Finance Blog – News and Information got really sweet things.
    I mostly love this one source2update.com

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