UAE tech conglomerate Phoenix Group PLC, listed on the Abu Dhabi Securities Exchange (ADX), announced its inclusion in the newly-launched FTSE ADX 15 Islamic Index (FADXI 15).
Live on ADX, the FADXI 15 marks a significant step forward in diversifying Shariah-compliant investment opportunities.
“Being included in the ADX FADXI highlights Phoenix’s stability and market leadership, and will enhance investor confidence, attracting investment opportunities for those seeking Sharia-compliant products,” Phoenix said.
“The inclusion of Phoenix Group in the FTSE ADX 15 Islamic Index is an honour and a testament to our dedication to aligning with global standards in ethical and Shariah-compliant investments,” said Seyed Mohammad Alizadehfard (Bijan), CEO and Co-Founder of Phoenix Group.
“To be part of this exclusive index offers investors the opportunity to engage with high-growth, Shariah-compliant companies that are reshaping the future of the UAE’s technology sector,” he said.
The launch of the FTSE ADX 15 Islamic Index provides a curated investment opportunity for those seeking high-performing companies in the UAE while maintaining Shariah compliance.
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