British indexing group FTSE has further strengthened its drive into Islamic investment with a new co-operation agreement with Yasaar Research, an independent shariah screening company based in London.
FTSE says growing interest in Islamic investment vehicles has created a need for shariah-screened indices across a range of asset classes.
Yasaar offers financial institutional clients specialist advice on Shariah screening and investment. The groupÆs CEO, Majid Dawood, says, ôYasaar is committed to the ongoing development of the Islamic system of financial management û forging this alliance with FTSE brings world-class indexing standards to Islamic investment.ö
The pair will now work together...