Masraf Al Rayan launches Qatar ETF - The Peninsula Qatar

Masraf Al Rayan launches Qatar ETF - The Peninsula Qatar:

"Qatar’s first Shari’a-compliant exchange traded fund and arguably, the largest single-country Shari’a compliant ETF in the world was listed on Qatar Stock Exchange (QSE) yesterday. The Al Rayan Qatar ETF (stock exchange ticker: QATR) traded more than QR56m on its debut which accounted for 20 percent of total exchange volumes on the day. To mark the launch of the ETF, the bourse yesterday welcomed the fund’s founder, Masraf Al Rayan, and fund manager, Al Rayan Investment, to open trading. The Fund will track the QE Al Rayan Islamic Index (Price) which is comprised of large and medium sized, Shari’a-compliant, listed Qatari companies. “As an exchange we’re delighted that the world’s largest single-country Islamic ETF is available to trade exclusively in Doha. Al Rayan Investment has a strong reputation in asset management locally and the index itself makes for a Shari’a-compliant investment strategy and diversification for QSE investors,” said Rashid Ali Al-Mansoori, CEO of the Qatar Stock Exchange."



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