MSM announces list of Sharia-compliant firms

Muscat: As many as 34 companies have been selected as Sharia compliant firms by the Muscat Securities Market (MSM) on Monday.
These firms were selected on the basis of financial activities in the third quarter of 2016 on the basis of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) standards.
However, this will not affect the current MSM Sharia index constituents, according to a circular from the bourse.
The selected companies include Al Anwar Ceramic Tiles, Al Jazeira Services, Al Madina Takaful, Al Maha Ceramics, Al Izz Islamic Bank, Bank Nizwa, Computer Stationaries Industry, Dhofar Beverage and Foodstuff, Al Batinah Development, Gulf International Chemicals and Gulf Mushroom Products.