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FAQs
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Mutual Fund/ETF
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Passive Fund
Shariah Index
Date: 13 APR
Answered By: Tasis Management
Question
What is a Shariah Index?
Answer
A Shariah index is a stock market index all of whose constituents are companies which are being screened to ensure they:
• Do not engage in prohibited (haram) businesses
• Meet financial ratio thresholds as per Shariah standards
Examples: Nifty Shariah Indices, Dow Jones Islamic Index, FTSE Shariah Index.
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