FTSE SGX Shariah Index Series

FTSE Group and the Singapore Exchange (SGX) have joined forces to launch a series of Shariah compliant indices in response to increasing trends towards Islamic investment.

Yasaar Research Inc. will carry out independent screening of each current and prospective company within the index to ensure to Shariah compliance, in accordance with Shariah Scholars from Yasaar Limited.

The FTSE SGX Asia Shariah 100 Index is the first index of the series. It is designed to represent the performance of Shariah-compliant companies from the following Asia-Pacific markets: Japan, Singapore, Taiwan, Korea and Hong Kong. The index is calculated in real-time, published in US Dollars (USD) and is expected to be used as the basis of index-linked funds, ETFs and over-the-counter (OTC) products.