iShares lists three Shari'ah ETFs on LSE

The iShares have been successfully approved and a Fatwah has been issued by Barclays’ newly created Shari’ah panel. Seeding partners for the initial three Shari'ah iShares include Citigroup and Susquehanna International Securities. The new LSE listed iShares funds are: iShares MSCI World Islamic – providing exposure to 793 stocks at 0.60% iShares MSCI Emerging Markets Islamic – providing exposure to 306 stocks at 0.85% iShares MSCI USA Islamic – providing exposure to 276 stocks at 0.50% Unlike conventional MSCI indices, iShares says the new ETFs have a higher exposure to the energ...