The Singapore Exchange (SGX), London’s FTSE Group, and Yasaar Research, have launched FTSE SGX Asia Shariah 100 Index, Singapore Exchange’s first shariah index. The index, which tracks 100 stocks compliant with Islamic law, is to be used as a basis for financial products such as exchange-traded funds, over-the-counter instruments and structured products.Singapore Exchange said introducing shariah-compliant indices will add diversity to its product offering. Linus Koh, head of products and servic
