Bangladesh’s Port-City Stock Exchange Modifies its Shariah Index

The Chittagong Stock Exchange (CSE), Bangladesh’s port-city bourse, has updated its list of Shariah-compliant securities, known as the CSE Shariah Index (CSI). The adjustment will take effect on the 13th of January 2022, according to a CSE statement.

Why it Matters?

The CSE is one of the two stock exchanges in the country, the other being the Dhaka Stock Exchange (DSE). Both country's stock exchanges have their own Shariah indexes due to the growing number of Shariah-compliant investors, particularly institutional funds. Concerned investors can choose their stocks based on the Shariah index with ease.

Details:

The revised CSE list included 131 Shariah-compliant scrips out of the 368 scrips listed. Al-Arafah Isl...