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Daiwa Asset to list Islamic ETF on SGX. Japan's Daiwa Asset Management said it will list what will be the first shariah compliant product on SGX as S'pore steps up efforts to attract Islamic investors.
The Daiwa FTSE Shariah Japan 100 ETF will track Japanese-listed companies that comply with Islamic legal principles. The launch of the Islamic ETF marks Daiwa Asset's initial foray into Singapore's retail market, said a spokesman for the fund management unit of Daiwa Securities.
