IslamicFinance.de

Pakistan is due to pay $600 million on a maturing 5-year Euro Sukuk bond, on Tuesday, an SBP official said.

The Stock Exchange of Thailand (SET) will formally launch its first index tracking shariahcompliant Southeast Asian stocks on Monday, in a bid to attract Muslim investors. The FTSE SET Shariah Index, which has been available since April 23, comprises 55 stocks from the SET Index, representing 44 % of the SET's market capitalisation.

Siriporn Chanjindamanee reported in The Nation on 3 February that the Stock Exchange of Thailand is planning to launch a Shariah 50 index early next quarter before going on a roadshow to the Middle East in the second half. The index would combine 50 listed stocks, making up 47 per cent of the SET's market capitalisation, that are Sharia tolerated.

According to Santi Kiranand, head of market development, have SET and FTSE jointly developed the Shariah index while the selection of the 50 firms was performed by the Yasaar.

The SET also plans to launch a social responsibility index. It is selecting foreign experts, including FTSE, to help develop the index by the third quarter.