Times of Oman | News :: MSM’s Sharia-compliant index effective from today:
"The sample of Muscat Securities Market (MSM) Sharia-compliant index will be effective from today, according to Jameela bint Ali Al Hamhamiyah, Head of the Indicators Section at the Operations Department in the MSM.
Pointing out that the sample will be reviewed every three months in order to add or delete companies according to the committed criteria, she said the development follows the sample being approved at the beginning of this month.
In a statement to Oman News Agency, Jameela said the Sharia index contains 32 joint stock companies listed on the MSM whose activities and financial conduct comply with the requirements of Sharia, depending on the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI)."
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