The S&P/ASX Shariah Indices aim to track the performance of Shariah-compliant stocks in the S&P/ASX 200 and the S&P/ASX 300. This launch comes in the context of increased interest in the Muslim community for Shariah investing in Australia.
The indices can be used as performance benchmarks for Shariah-compliant investment strategies, the selection universe for actively managed funds and the basis for index-linked products. Customisation is also available to accommodate various preferences or requirements.