FTSE Bursa Malaysia Hijrah Shariah Index
FTSE BURSA MALAYSIA HIJRAH SHARIAH INDEX (FBM Hijrah Shariah)
On 21 May 2007, FBM Hijrah Shariah index was launched targeting international investors with its triple screening methodology. Being a tradable index FBM Hijrah Shariah is suitable for launching structured products such as Exchange Traded Funds (ETFs)
Features:
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As a tradable index the index is calculated at an interval of every 15 seconds
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The Investable Universe is derives from FBM Emas Index and are subject to the following triple screening:
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FTSE's screening for free float and liquidity
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Yasaar Ltd screening for shariah compliant
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SC's Shariah Advisory Council screening for Shariah compliant
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