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US firm’s new Islamic ETF looks to test investor demand

Tue, 2014-10-07 10:25 — newsdesk

Seattle-based Falah Capital is preparing to launch an Islamic exchange-traded fund (ETF) that tracks large U.S. stocks, the latest sharia-compliant product in a market. The ETF will be advised by Exchange Traded Concepts and Mellon Capital Management, with Bahrain-based Shariyah Review Bureau acting as sharia advisor, according to a filing with the SEC.

Source: 

http://www.reuters.com/article/2014/10/02/islamicfunds-etf-idUSL6N0RX0BT...