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Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Islamic Market RBP U.S. 50 Index, a unique gauge designed to measure the largest 50 U.S. stocks ranked by RBP® probabilities supplied by Transparent Value, LLC that have first passed the screens for Shari’ah compliance.
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To be eligible for inclusion in the Dow Jones Islamic Market RBP U.S. 50 Index, components must pass Dow Jones Indexes’ proprietary screens used in the Dow Jones Islamic Market Index methodology. Those screens prohibit companies from engaging in business lines including alcohol, tobacco, pork-related products, conventional financial services, defense/weapons and certain types of entertainment; companies must also pass Shari’ah financial screens by reporting ratios of less than 33% in: debt over market capitalization, cash plus interest-bearing securities over market capitalization, and accounts receivables over market capitalization.
Be interesting to watch this index. Lot excluded it seems. I'm sure trading in companies that make US flags would be up there. Lots of sales cause they need stuff to burn in the streets.
This is dangerous. It is my understanding that to be Sharia complaint, they also have to send some profits to "Sharia charities" (Zakat) that are approved by Sharia authorities. There is a board called the Accounting and Auditing Organization for Islamic Financial Institutions. As you may guess, there are representatives from the usual players.
Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Islamic Market RBP U.S. 50 Index, a unique gauge designed to measure the largest 50 U.S. stocks ranked by RBP® probabilities supplied by Transparent Value, LLC that have first passed the screens for Shari’ah compliance.
...
To be eligible for inclusion in the Dow Jones Islamic Market RBP U.S. 50 Index, components must pass Dow Jones Indexes’ proprietary screens used in the Dow Jones Islamic Market Index methodology. Those screens prohibit companies from engaging in business lines including alcohol, tobacco, pork-related products, conventional financial services, defense/weapons and certain types of entertainment; companies must also pass Shari’ah financial screens by reporting ratios of less than 33% in: debt over market capitalization, cash plus interest-bearing securities over market capitalization, and accounts receivables over market capitalization.
A lot of trading in companies who manufacture suicide vests, burquas, turbans, horsewhips for use on daughters, and anything else made popular in the 7th century. It's overseen by a chief pedophile and his tribe.
A lot of trading in companies who manufacture suicide vests, burquas, turbans, horsewhips for use on daughters, and anything else made popular in the 7th century. It's overseen by a chief pedophile and his tribe.
Do we have a problem with free markets acting freely?
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