MSX releases names of 23 Sharia-compliant firms

Business Sunday 18/December/2022 18:03 PM
MSX releases names of 23 Sharia-compliant firms

Muscat: Muscat Stock Exchange (MSX) has announced a list of Sharia-compliant companies for the third quarter of 2022.

The list includes 23 joint-stock companies listed on MSX whose business and financial conduct conformed with the requirements of Islamic Sharia, according to the Sharia rules set by the Accounting and Auditing Organisation for Islamic Financial Institutions.

The index sample, which includes the topmost 15 companies that comply with Sharia standards for four consecutive quarters of any full fiscal year, will be affected by this disclosure, notably with Oman Fisheries Company existing and Oman Packaging Company entering the list.