Istanbul Bourse Floats Sharia Index

The Istanbul Stock Exchange has launched a new index that includes 30-listed companies.

The Istanbul Stock Exchange has launched a new index that includes 30-listed companies, Reuters reports. The Participation Index will include discount retailer BIM, Turk Telekom, and the main landline operator and builder, Enka Insaat.

The index will also include an Islamic participation bank, Bank Asya and a real estate trust, Emlak Konut. The included companies will comply with Sharia banking principles. Bizim Securities is consulting for the index.

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