Malta Stock Exchange to launch Islamic equity index, eyes sukuk | Reuters:
"The Malta Stock Exchange (MSE) will launch on Monday an Islamic equity index aiming to attract business from Middle East firms, a move it hopes will also prompt the government to issue Islamic bonds (sukuk), senior executives told Reuters.
The 25-year old MSE is rolling out a new strategy which includes facilitating financial products that follow Islamic principles such as bans on investing in alcohol, tobacco and gambling-related businesses.
The launch of an Islamic index, developed alongside Dubai-based sharia advisory firm Dar al Sharia, and a debut sovereign sukuk would mirror steps taken by Britain and Luxembourg to develop their own credentials in the sector.
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