Tadawul launches TASI Islamic Index

Logo of Saudi Exchange (Tadawul)

The Saudi Exchange (Tadawul) launched today, July 17, TASI Islamic Index.

Tadawul’s first Shariah-compliant index will track the performance of listed companies under the supervision of an independent Shariah Advisory Committee, which was announced earlier.

The index will be a tool for investors and market participants to guide and inform decisions on Shariah-compliant investments.

It will also allow asset managers to benchmark the performance of their Shariah-compliant investment portfolios.

In addition, the index can serve as a base for financial products, including derivatives and exchange-traded funds (ETFs).

For more information about TASI Islamic Index