The Task Force has successfully completed the establishment of S&P/OIC COMCEC 50 Shariah Index Fund, which is now available to all investors. The Task Force has achieved its goals and the Forum notes the succesful closure of this Task Force.
The related decisions taken at the 16th Meeting of the OIC Exchanges:
The Forum appreciates the work of the Task Force on Indices, and congratulates the Task Force for successful completion of the establishment of S&P/OIC COMCEC 50 Shariah Index Fund, which is now available to all investors. The Forum notes that the Task Force may now be closed as it achieved its targets of launching an index and a financial instrument based on the Index. The Forum will continue to support the promotion of the Fund to investors and calls for all members to do so in their respective jurisdictions to increase the size of the Fund over time.
S&P/OIC COMCEC 50 Shariah Index
The S&P/OIC COMCEC 50 Shariah is designed to provide investors with a Shariah-compliant benchmark that measures the performance of leading companies from the Organization of Islamic Cooperation (OIC) member states. The website for further information is eu.spindices.com/indices/equity/sp-oic-comcec-50-shariah