Turkey's Istanbul Stock Exchange on Thursday launched an index comprised of 30 listed companies that comply with Sharia banking principles as the country seeks to attract interest in its burgeoning Islamic finance sector.
The Participation Index will include discount retailer BIM, Turk Telekom, the main landline operator and builder Enka Insaat, said Avsar Sungurlu, deputy CEO of Bizim Securities, which is consulting for the index.
Bank Asya, an Islamic participation bank, and Emlak Konut, a real estate trust, are also among the index's major holdings, Sungurlu said.
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