SHARIAH FINANCE ALERT: Standard and Poors Launches Islamic Index

Islamic supremacism takes another leap.

Standard & Poor's starts TSX Islamic index

Standard & Poor's is launching an index of large Canadian stocks with criteria defined by Islamic law – no companies with businesses in financial services, entertainment, alcohol, pork-related products or tobacco.

The index operator said Wednesday the Shariah-compliant version of the S&P/TSX 60 "will create new opportunities for Islamic investors to benchmark their Canadian investments, and for asset managers to create new investment products serving the Islamic community."

The S&P/TSX 60 Shariah index joins Standard & Poor's Shariah-compliant indexes in 51 other markets, including the S&P 500 Shariah, S&P Europe 350 Shariah, S&P Japan 500 Shariah and S&P CNX Nifty (Indian market) Shariah.

Sick.

Got stocks? Bonds? Financial instruments? Tell your brokers NO SHARIAH INSTRUMENTS.

 

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