Singapore debuts first sharia ETF
The Daiwa exchange-traded fund will track the largest and most liquid listed companies in Japan that comply with Islamic legal principles.
SingaporeÆs first sharia-compliant exchange-traded fund (ETF) debuted on the stock exchange on Tuesday.The Daiwa FTSE Shariah Japan 100 was jointly launched by Daiwa Asset Management (Singapore) and Singapore Exchange (SGX). The fund will track the performance of the FTSE Shariah Japan 100 Index , which is designed to represent the return of the largest and most liquid listed companies in Japan that comply with Islamic legal principles. The top 10 holdings of the fund are Toyota Motor…
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