FTSE SET Shariah Index
FTSE SET Index Series is the result of collaboration between the Stock Exchange of Thailand and FTSE Group – one of the leading index expert in the world. This new series of investible and transparent benchmarks is specially designed to measure the performance of Thai capital market and can be used as a basis for attractive index-linked products that appeal to both local and international investors. FTSE SET Index Series comprises indices segmented as below.
by Market Capitalization
by Shariah Compliance
FTSE SET Shariah Index
The Stock Exchange of Thailand (SET) and FTSE Group have joined with Yasaar Limited, the leading global Shariah consultancy, to create FTSE SET Shariah Index since 23 April 2009.
Using the FTSE SET All-Share Index as the base universe, companies are screened against Shariah principles. The index is created for both domestic and international investors looking to invest according to Islamic principles.
This index can be used for a wide range of Islamic products including funds, ETFs and other index-linked products.
Currently there are 2 mutual funds using FTSE SET Shariah Index as their benchmark; MFC Islamic Fund (MIF) and MFC Islamic Long Term Equity Fund (MIF-LTF).
Key summary of FTSE SET Shariah Index (FSTSH)
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Screening Methodology |
Based on the FTSE SET All-Share Index , companies are screened against Shariah principles as follow:
Business Activity Screening
Financial Ratios Screening
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Base Date |
29 February 2008 |
Base Value |
1000 with 2 decimal points |
Frequency of Calculation | 15 seconds |
Index Currency |
Thai Baht |
Index Review Period |
Semi-annually in June and December |
Disclaimer:“The FTSE SET Index Series (“Index Series”) is calculated by FTSE International Limited (“FTSE”) in conjunction with the Stock Exchange of Thailand (“SET”) (collectively the “Licensor Parties”). All rights in the Index Series vest in the Licensor Parties. “FTSE” is a trade mark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence. “SET” is a trade mark of SET. Neither the Licensor Parties nor their respective licensors accept any liability (including in negligence) for any loss arising out of use of the Index Series by any person |