Bourse launches key Bahrain Islamic Index

The Bahrain Islamic Index, a tool to measure changes in values of Sharia-compliant securities listed on the Bahrain Bourse (BHB), was launched yesterday. In a statement issued after the launch, BHB chief executive Shaikh Khalifa bin Ebrahim Al Khalifa said the index will be computed from the prices of 17 selected stocks, all of which comply with standards and regulations set by the bourse's Sharia committee. The index will act as a standardised tool, adopted by investors in order to measure the fluctuations of their investment portfolios in the companies computed within the Islamic Index.