"The launch of these indices underlines Standard & Poor's commitment to providing Islamic investors with the widest possible investment options which were screened for Shariah compliance and equipping them with the tools they need to quantify their performance," Alka Banerjee, vice-president (index services), S&P, said.Standard & Poor's Shariah Indices are screened by Ratings Intelligence Partners, a Kuwait-based consulting company specialising in the Islamic investment market. Ratings Intelligence Partners researchers interface directly with a dedicated Shariah Supervisory Board. The Board is comprised of a group of Islamic scholars whose role is to interpret business issues as well as financial practices and recommend actions in relation to Shariah index management.
Read more ...Source: Standard & Poor's
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