RIYADH: The Saudi Exchange announced the launch of its first Shariah-compliant index, the TASI Islamic Index.
The index will track the performance of Shariah-compliant companies listed on the Saudi Exchange under the supervision of an independent Shariah Advisory Committee, the exchange said.
Investors and market participants can use the Index to guide their decisions regarding Shariah-compliant investments, the statement said.
Asset managers can benchmark the performance of their Shariah-compliant investment portfolios. it added.
