Thursday 1 April 2010
DFM set to create Islamic benchmark
The Dubai Financial Market (DFM) is planning to launch an Islamic index in the near future, Dr. Mabid Ali Al Jarhi, Secretary General of Fatwa and Sharia supervision board at the DFM, told Gulf News yesterday.
Speaking on the sidelines of a sukuk workshop organised by the Dubai Economic Council, Al Jarhi said: "In the coming three months, DFM will unveil a new index for share trading that complies with Islamic legislations."
He said that DFM has done a lot of research on most of the international benchmarks to come up with a new market index that lists stocks adhering to Sharia.
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