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Standard & Poor's Launches New Sharia Index

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Standard & Poor's, the world's leading index provider, announced on May 27, 2009  the launch of a Shariah compliant version of the S&P/TSX 60. The S&P/TSX 60 Shariah Index is highly correlated to the S&P/TSX 60 Index, and as such provides a comparable investment portfolio while adopting explicit selection criteria defined by Islamic law.
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