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The DJIM Amana Sri Lanka Index, the first Islamic market index Sri Lanka is Co- branded Indexes USA and Amana Securities Limited. The Dow Jones Islamic market Indexes were introduced in 1999 as the first benchmark to present Islamic-compliant portfolios. Today, the series encompasses more than sixty indexes and remains the most comprehensive Islamic market measure. An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
KEY BENEFITS OF AN ISLAMIC INDEX IN SRI LANKA
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Shari'ah Law Compliance : The Index is stringently monitored to ensure continued compliance with Shari'ah law
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Liquidity : Includes only actively traded stocks that are easily accessible to investors, selected via the Dow Jones World Index, which covers approximately 95% of underlying market capitalisation.
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Comprehensive Coverage : Provides broad coverage across market cap ranges and shari'ah compliant industries. Sub-Indexes allow individual tracking of these various market segment.
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Systematic Methodology : Is created and maintained on a systematic and published methodology, based on a quantitative set of rules and stocks that adhere to and pass consistently- applied industry and finance-ratio screens to be included in the index.
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