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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi Tadawul Launches TASI Islamic Index

Index Exchange
This picture taken December 12, 2019 shows a view of the sign showing the logo of Saudi Arabia's Stock Exchange Market (Tadawul) bourse in the capital Riyadh. (Reuters)

The Saudi Stock Exchange (Tadawul) announced on Sunday the launch of its first Shariah Compliant Index, the TASI Islamic Index. This comes in response to growing demand and interest from local and international investors for Shariah-compliant investment tools.

The Index tracks the performance of Shariah-compliant companies listed on the Saudi Exchange under the supervision of an independent Shariah Advisory Committee.

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