The Traderszone Network

MSCI Barra is expanding the MSCI Global Islamic Indices to include
small-cap emerging market stocks and a set of frontier market
countries. With the addition of 16 frontier markets, the total number
of MSCI Islamic country indexes will rise from 53 to 69.

Index providers have targeted the Islamic investing world as an area
of growth for benchmark construction, as both institutions, retail and
government investors across the Middle East and in Southeast Asia
assume a higher profile. Dow Jones recently unveiled its first
Shari’ah compliant benchmark for companies in Southeast Asia, and the
total assets invested in Shari’ah compliant indexes is growing sharply.

IndexUniverse.com