The Philippine Stock Exchange (PSE) on Friday said 61 firms or 20 percent of the 306 listed companies are Shariah-compliant. In the fourth quarter of last year, eight companies were added to the list.
The Philippine Stock Exchange according to president Hans Sicat is listing the Sharia-compliant companies to attract the $1.3 trillion global Islamic funds including Shariah compliant equity funds across the globe.
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