IslamicFinance.de

Yesterday Qatar Exchange (QE) and Al Rayan Investment made an announcement about the launch of the QE Al Rayan Islamic index. The new index relies on QE listed stocks of minimum free float size and liquidity that are Shariah compliant. Its debut date is set on January 7th 2013. The goal of the index is to support the creation of Shariah-compliant exchange traded fund (ETF) by Al Rayan Investment. The issuance was carried out with a fatwa by its Shariah Board.