Liechtensteinische Landesbank (Switzerland) and ABN Amro have announced the launch of the first exchange-traded Shariah-compliant Middle Eas...

Liechtensteinische Landesbank (Switzerland) and ABN Amro have announced the launch of the first exchange-traded Shariah-compliant Middle East Index tracker linked to the performance of the LLB Top 20 Middle East Total Return Index. The certificate has been listed on the SWX Swiss Exchange and ABN Amro will provide intra-day liquidity subject to a bid-offer spread. The LLB Top 20 Middle East Total Return Index consists of Middle Eastern liquid large caps from the stock markets of Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar and United Arab Emirates. Companies included in the index have passed a series of Islamic filters to ensure Shariah compliance.