TR, IdealRatings Debut Shariah-Compliant Indexes

Thomson Reuters last week announced a new range of Islamic indexes, developed with Shariah-compliant fund advisory service provider IdealRatings, that utilize the Thomson Reuters Business Classification system and provide research-based screening across compliant companies in more than 60 countries, and global equity markets including the Gulf and Middle East and North Africa, using proprietary algorithms to track more than 30 revenue streams per company and identify instances of non-compliance.

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