EGX33: A Faith-Focused Approach
Navigating the Complexities of Sharia-Compliant Stock Trading: A Faith-Focused Approach
The index is composed of 33 stocks: 17 from EGX30 and the remaining from EGX70EWI. Determining the correlation coefficient of the index is challenging as it's unclear whether it pertains more to EGX30 or EGX70EWI. Unfortunately, the EGX authorities haven't disclosed the weight of the components, the members of the sharia advisory board, or the sharia criteria for inclusion and the frequency of reviewing the sharia index to ensure the sustainability of its components.
In the meantime, three brokerage firms have independently published their lists of sharia-compliant stocks. While these lists contradict each other, there are some areas of overlap. Notably, the EGX33 has added new sharia-compliant stocks that were excluded by the other three sharia lists. This has led to confusion regarding sharia-compliant stocks and sparked discussions about righteousness.
Despite the complexities surrounding the indexes and various lists, the primary focus remains on trading sharia-compliant securities while adhering to personal faith.
The index is composed of 33 stocks: 17 from EGX30 and the remaining from EGX70EWI. Determining the correlation coefficient of the index is challenging as it's unclear whether it pertains more to EGX30 or EGX70EWI. Unfortunately, the EGX authorities haven't disclosed the weight of the components, the members of the sharia advisory board, or the sharia criteria for inclusion and the frequency of reviewing the sharia index to ensure the sustainability of its components.
In the meantime, three brokerage firms have independently published their lists of sharia-compliant stocks. While these lists contradict each other, there are some areas of overlap. Notably, the EGX33 has added new sharia-compliant stocks that were excluded by the other three sharia lists. This has led to confusion regarding sharia-compliant stocks and sparked discussions about righteousness.
Despite the complexities surrounding the indexes and various lists, the primary focus remains on trading sharia-compliant securities while adhering to personal faith.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.