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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

MSM releases Sharia compliant companies list

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MUSCAT: Muscat Securities Market (MSM) on Sunday announced the list of 32 companies whose business and financial behaviour have met the requirements of Islamic Sharia, in accordance with the rules of the Accounting and Auditing Organization for Islamic Financial Institutions.


Sharia-compliant companies in the third-quarter companies include, Al Anwar Holdings, Al Jazeera Services, Al Anwar Ceramics Tiles, Al Madinah Takaful, Al Maha Ceramics, Izz Al Islami Bank; Bank Nizwa, Computer Stationery Industries, Dhofar Beverages and Food Stuff, Gulf International Chemicals, Gulf Mushrooms Products, Gulf Stone; al Kamil Power, Muscat Gases, Muscat Thread Mills, National Biscuit Industries, Oman Cable Industries, Oman Chromite; Oman Cement, Oman Fisheries, Oman International marketing, Oman Packaging; Oman Refreshment, Ooredoo, Port Services Corporation, Raysut Cement; Shell Oman Marketing, Al Safa Foods, Salalah Port Services, Takaful Oman Insurance, United Power; and Voltamp Energy. The sample of the Sharia index will be affected by this disclosure due to the exit of Oman Telecom from the list of Sharia compliant companies. — ONA


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