SGX Singapore News Update : Epic Research Singapore

The Singapore-Based Constituents of FTSE SGX Asia Shariah 100 Index
The FTSE SGX Shariah Index Series reflects the stock performance of companies in the Asia Pacific region whose business activities comply with Islamic Shariah Law.

Securities that do not meet the Shariah eligibility criteria are removed from the list and the remaining stocks are ranked based on full market capitalisation. The 100 largest (50 from Japan, and 50 from the other four countries) are included in the index.

The four constituents from Singapore– Singapore Telecommunications, Keppel Corporation, Singapore Airlines, and Hutchison Port Holdings Trust– have a combined market capitalisation of S$102.9 billion and an average indicative dividend yield of 5.1%.

The FTSE SGX Shariah Index Series reflects the stock performance of companies in the Asia Pacific region whose business activities comply with Islamic Shariah Law. The Index consists of the 50 largest Japanese companies and the 50 largest companies from Singapore, Taiwan, Korea and Hong Kong (SAR); four constituents are from Singapore and have a 2.5% weightage on the index.

Index Eligibility

To be eligible for the FTSE SGX Asia Shariah 100 Index, securities have to be members of the FTSE Global Equity Index Series Country Index for each eligible country, and have to be Shariah-compliant. Under Shariah-compliance, companies must not be involved in activities related to alcohol, pork related products and non-halal food, entertainment such as casinos and gambling, tobacco, or weapons and defence. On a financial basis, companies’, debt and cash and interest bearing items must each be less than one third of their total assets, cash and accounts receivable must be less than half of the their total assets, and interest and non-compliant activities income should account for less than 5% of total revenue.

Securities that do not meet the Shariah eligibility criteria are removed from the list of all constituent securities of the FTSE Global Equity Index Series country indices of Japan, Korea, Hong Kong, Singapore and Taiwan. The remaining stocks are ranked based on full market capitalisation. The 100 largest (50 from Japan, and 50 from the other four countries) are included in the index. The FTSE SGX Asia Shariah 100 Index is weighted on free-floating shares.

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