47 companies listed on local stock exchange comply with Islamic law
MANILA—Forty-seven companies listed on the Philippine Stock Exchange have been determined to comply with the Islamic Shariah legal system under a new screening process adopted by the PSE in an effort to attract Muslim investors.
The PSE announced on Monday that is also mulling over the introduction of an Islamic sub-index by next year, aimed at helping fund managers who may want to launch mutual funds or exchange-traded funds (ETFs) based on Shariah compliance.
Among the big companies Read more [...]