Oil, Credit Crunch Boost Sharia Indexes; Data Sourcing Remains a Challenge

However, sourcing reliable equity market data in Middle Eastern countries can still prove challenging, which has hampered the creation of local Sharia-compliant equity indexes within the Gulf Cooperation Council. Imogen Dillon-Hatcher, managing director of FTSE Group for EMEA, describes the GCC market as a great opportunity, but says data quality has been a significant issue when constructing indexes. However, this traditionally opaque market is now beginning to open up, and "good data is be

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