Sun, 03 Aug 2008, 18:32
Deutsche Bank’s db x-trackers exchange-traded fund platform has listed the first regional Shariah-compliant ETFs on the London Stock Exchange, the db x-trackers S&P 500 Shariah ETF, S&P Europe 350 Shariah ETF and S&P Japan 500 Shariah ETF, as well as a global Shariah-compliant product, the Dow Jones Islamic Market Titans 100 ETF.
The new range of db x-trackers Shariah ETFs is designed to provide institutional and retail investors with access to investments based on Islamic principles, which exclude any products or activities deemed contrary to Shariah law by Deutsche Bank’s Shariah consultant, Dr Hussain Hamed Hassan.
These notably include pork-related substances, alcohol, gambling, financial services, advertising and media, pornography, tobacco and the trading of gold and silver as cash on a deferred basis
To read the whole article go to this link .http://tinyurl.com/6macx8
