Saudi Arabia eyes global Islamic finance hub status through new index
Newly launched Tadawul Islamic index adds to growing index universe as kingdom eyes Islamic finance hub status.
London: Saudi Arabia is working to become a regional and global hub for Islamic finance. To achieve this, the kingdom is keen to develop the sector as well as attract investment from local and international Islamic investors and funds.
In response to growing demand for Sharia-compliant tools and investment services, Tadawul, the country’s stock exchange, launched its first ever Islamic index last month.
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