AUSTRALIA: Islamic wealth manager Crescent Wealth has launched the country’s first Shariah compliant research-based index, known as the Thomson Reuters Crescent Wealth Islamic Australia Index.
The index, launched jointly with Thomson Reuters, will provide a tool for local and international investors to help invest in the Australian market in accordance with Shariah. It will cover 143 stocks with a combined market capitalization of AU$160 billion (US$168 billion).