26 Sharia-compliant firms listed on MSM in 2019
March 16, 2020 | 5:06 PM
by ONA
Photo: ONA

Muscat: Muscat Securities Market (MSM) announced that 26 Sharia-compliant joint-stock companies were listed on MSM in the fourth quarter of 2019.

The stock market confirmed that the financial activities and conduct of the 26 companies conform to the requirements of Sharia, with the firms endorsing standard criteria of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

It is worth noting that the list of Sharia-compliant companies is revised every three months, with any Sharia-compliant companies added and non-compliant ones removed.

The 15 Sharia-indexed segments is a list of companies that complied best with Sharia for four months in a row, in other words, one fiscal year, according to the last rating.

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