Index Provides Islamic Investors Access to Japanese Market

Daiwa Asset Management and global index provider FTSE Group have announced the launch of the FTSE Shariah Japan 100 Index from which Daiwa will create an exchange-traded fund (ETF) for listing on the Singapore Exchange.

The FTSE Shariah Japan 100 Index contains the largest 100 constituents by market cap from the FTSE Japan universe that have been screened by Yasaar to ensure compliance with Islamic Shariah laws, according to the announcement. The index is free float adjusted and liquidity screened using FTSE methodology standards.

“FTSE is dedicated to working closely with industry leaders such as Daiwa Asset Management to create innovative index products to meet the investment needs of all classes of global investors,’ said Paul Hoff, Managing Director, FTSE Asia Pacific, in the announcement.

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