Muscat bourse announces list of Sharia-compliant companies

Muscat: Oman’s Muscat Securities Market (MSM) has announced a list of Sharia-compliant companies based on the fourth quarter results of 2016.
The list of 35 Sharia companies was prepared on the basis of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI)’s Islamic investment principles, according to a press release from MSM.
The companies are from a wide range of sectors, including manufacturing, financial services, insurance and telecommunications.
The list includes Al Anwar Ceramic Tiles, Al Jaseira Services, Al Madina Takaful, Al Maha Ceramics, Alizz Islamic Bank, Bank Nizwa, Gulf International Chemicals, Al Kamil Power, Majan Glass, Muscat Gases, Muscat Thread Mills, National Biscuit Industries, Oman Cables Industry, Oman Chromite, Oman Fisheries, Oman Flour Mills, Oman Oil Marketing, Oman Packaging, Oman Refreshment, Ooredoo, Oman Telecommunications Company, Port Services Company, Raysut Cement, Salalah Mills, Shell Oman Marketing and Salalah Port Services.