47 companies make PSE's Shariah-compliant list
- 5 years ago
The Philippine Stock Exchange launched a list of stocks that complies with Islamic law, in its bid to bite into about $1.5 trillion of global Shariah funds. Only 47 made it to the Shariah-compliant list, that strictly excluded businesses related to alcohol, tobacco, gambling and those that earn through interest rates. ANC Dateline Philippines, December 16, 2013