Alliance Capital is set to debut a shariah-based index in Bangladesh in January aimed at institutional investors.

The index will provide a guideline to institutional investors regarding investing in shariah-compliant shares, reports The Daily Star.

The shariah-index for capital market investment will facilitate minimal risk trading and enable investors get shariah-compliant gains.

Kh Asadul Islam Ripon, managing director of the company, said that the new index aims to offer returns that match or beat the benchmark index of the Dhaka Stock Exchange.

It will comprise about 25 potential listed stocks, which will be selected by S&P Dow Jones through strict inclusion criteria developed by a globally-recognized shariah board.

Ripon further said that the diversified stocks will offer solid growth and returns and are less risky and volatile compared to the general market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.