Saudi Arabia’s Tadawul to launch first Sharia-compliant index – The National

Saudi Arabia’s Tadawul to launch first Sharia-compliant index – The National

Saudi Arabia's Tadawul stock exchange will launch its first Sharia-compliant index in response to growing demand and interest from local and international investors for Islamic investment tools.

The TASI Islamic Index tracks the performance of Sharia-compliant companies listed on the Saudi stock exchange under the supervision of an independent Sharia Advisory Committee, Tadawul said in a statement on Sunday.

It will guide investors when looking into Sharia-compliant investments, while also allowing asset managers to benchmark the performance of their portfolios in the sector, Tadawul said.