Saturday 12 September 2015

Muscat Securities Market updates Shariah Index constituents

Muscat Securities Market (MSM) has announced the new reference companies for its MSM Shariah Index for the second quarter of 2015, the Oman News Agency has reported. The index identifies investments that comply with the requirements and provisions of Islamic law, contributing to the development and growth of the Islamic capital market sector.

The new list of 32 publicly listed companies will be used from 13 September:

  1. Al Anwar Ceramic Tiles
  2. Al Jazeera Services
  3. Al Madina Takaful
  4. Al Maha Ceramic 
  5. Al Izz Islamic Bank
  6. Bank Nizwa
  7. Computer Stationery Industry
  8. Construction Materials Industries
  9. Dhofar Beverages
  10. Gulf Mushroom Products
  11. Majan Glass
  12. Muscat Gases
  13. Muscat Thread Mills
  14. National Biscuit Industries
  15. Oman Cables
  16. Oman Chromite 
  17. Oman Chlorine
  18. Oman Cement
  19. Oman Flour Mills
  20. Oman Oil Marketing Company
  21. Oman Refreshments
  22. Ooredoo
  23. Oman Sweets
  24. Omantel
  25. Oman Textile Holding
  26. Raysut Cement
  27. Salalah Flour Mills
  28. A'Sharqiyah Investment Holding
  29. Shell Oman Marketing 
  30. A’Saffa Foods 
  31. Salalah Port Services and 
  32. Takaful Oman Insurance.

The members of the MSM sample index must be compatible with the requirements of shari'ah regulations as stipulated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Two companies were replaced in the list accordingly. This time round, A'Sharqiyah Investment Holding and Salalah Port Services were added to the index. MSM revises the sample quarterly adding companies that meet the standards and removing companies that no longer meet the regulations. 

Interested?

Posted by on
Labels: , , , , , , , , , , ,