The Sarajevo Stock Exchange (SASE) on Monday launched a stock index of firms compliant with the principles of Islamic law, in cooperation with Bosna Bank International (BBI).
The Islamic index is the fourth index on SASE and consists of 25 companies from the domestic market, the bourse operator said in a statement.
Bosnia is the first country in the region to introduce an Islamic index, which, among others, includes the following companies: BH Telecom, power utility Elektroprivreda BiH, drug maker Bosnalijek, arms and ammunition maker UNIS Ginex, power utility Elektroprivreda HZHB, cement factory Tvornica Cementa Kakanj and engineering company Energoinvest.
