Sharia equity index debuts on Tokyo Stock exchange

by Infidelesto on December 3, 2007 · 3 comments

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Showing respect for the most inhumane form of law man has ever seen.

The Tokyo Stock Exchange on Monday launched a new sharia index of shares in companies that comply with Islamic law to meet growing demand from investors, particularly in the oil-rich Middle East.

The index excludes businesses that offer products and services considered unacceptable under Islamic law including alcohol, financial services, gambling, pork, pornography and tobacco.

The TSE said all the companies whose shares are included in the index are screened on a daily basis to ensure that they maintain strict Sharia compliance.

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