Dubai DFM's new Shariah index aims to drive ethical investments | ZAWYA MENA Edition:
To attract more Islamic investments, the Dubai Financial Market (DFM), has launched a Shariah Index - DFMSI, which provides market participants with a benchmark to measure the performance of Shariah-compliant listed securities.
DFM is the first Shariah-compliant exchange globally since 2007 and this new initiative adds to its efforts to align with Dubai's vision to become the capital of Islamic economies globally.
The initial market capitalisation of the Shariah Index has been set as per stock prices on 31 December 2009 with 1,000 points as the base point of the Index. It can be accessed via DFM's website and mobile apps.
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