CFA Institute Financial NewsBrief | 05/27/2008
Japan’s Daiwa Asset Management said it will be the first to list an ETF that conforms to Islamic law on the Singapore Exchange. The Daiwa FTSE Shariah Japan 100 ETF will track public companies in Japan that comply with Islamic legal principles. Singapore and neighboring Malaysia are both vying to become centers of Islamic finance. Reuters (05/26) CNBC (05/26)
