In 2006, Standard & Poor's introduced the S&P Shariah Indices. Shariah is Islamic canonical law, which observant Muslims adhere to in their daily lives. Shariah
has certain strictures regarding finance and commercial activities permitted for Muslims. Over the last few years, the demand for Shariah compliant financial products
has increased. In May 2009 the S&P/TSX 60 Shariah Index was launched.
The Shariah version screens the index constituents for compliance while adhering to the guidelines of the S&P/TSX 60 Index. The S&P/TSX 60 Index is the leading
tradable Canadian index designed to represent leading companies in leading industries. The S&P/TSX 60 Index covers approximately 73% of Canada's equity market
capitalization. Its 60 stocks make it ideal for large cap coverage and a cost-efficient way to achieve Canadian equity exposure.
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