Monday, 25 June 2012

S&P/OIC COMCEC 50 Shariah Index, a joint index of the Organization of the Islamic Conference (OIC) Member States’ Stock Exchanges Forum and S&P Indices, starts being disseminated today. The Index is designed to measure the performance of 50 leading Shariah-compliant companies from the member states of OIC, namely, Bahrain, Bangladesh, Cote d’Ivore, Egypt, Indonesia, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Morocco, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Tunisia, Turkey and the United Arab Emirates. İMKB Chairman & CEO İbrahim Turhan said, “I believe that the S&P/OIC COMCEC 50 Shariah BMI Index will fill a principal gap; since so far, there has been only a few measures to gauge the performance of Shariah-compliant companies. This new index is a product of the collective efforts of our colleagues in the OIC Member States’ Stock Exchanges Forum and S&P Indices, and I would like to express my gratitude to my associates for their valuable contributions. Through the S&P OIC C