Magni Islamic Stewardship Index
Magni Islamic Stewardship Index combines Islamic guidance for businesses from the Maqasid with a best-practice model for corporate governance to screen Shariah-compliant large-cap US companies. In addition to its influence on individuals, Islamic guidance for good corporate governance provides a valuable, practical and business-relevant moral compass. When a business incorporates Maqasid values into its conduct, we believe that a better experience or outcome can be achieved.
FactsheetOverview
Ticker
MAGISLM
Inception Date
2018/02/28
Index Calculation/ Publication
INDXX
Holdings
All stocks in S&P 500 that are considered Shariah compliant
Rebalance
Semi-annually (Feb/Aug)
Weighting Scheme
Modified, Magni Islamic Stewardship Score
Top 10 Holdings as of 2018/02/28, in alphabetical order
Archer-Daniels-Midland Co.
Eli Lilly & Co.
Fedex Corp.
Garmin LTD
HP Inc.
Intel Corp.
Kimberly-Clark Corp.
Mastercard Inc.
Southwest Airlines Co.
Visa Inc.