Faisal Private Bank invests in listed equities on the basis of a proprietary Islamic equity benchmark index, the DMI-150 Index.

The DMI-150 Index is a market-capitalization-weighted price index consisting of the 150 largest global publicly traded companies. It was created by the Bank in 1998 and disseminated by STOXX Limited since September 2005.

The DMI-150 Index is a global index, meaning that the publicly traded companies of all countries are considered for selection. It covers eight economic sectors: Basic Materials, Communications, Consumer (cyclical), Consumer (non-cyclical), Energy, Industrial, Technology and Utilities. 

Prohibited industries:

• alcohol (wine, brewery), tobacco.
• aerospace/defence, military, firearms.
• conventional financial services (giving or receiving interest).
• entertainment (casino, gambling, lottery, pornography, cable TV).
• food (canned, pork).
• leisure (gaming, nightclubs, pubs).

Companies are excluded if:

• their long-term debt divided by common equities is greater than 30%.
• their total debt divided by common equities is greater than 100%. (the threshold has been set to 50% in March 2001).
• the sum of cash divided by total asset is greater than 75%.
• the amount of receivables divided by total asset is greater than 50%.

Example: Dynamic Voncert VT Islamic Blue Chips in partnership with Vontobel Bank AG, Zurich

http://www.derinet.ch/

Our added value is that we possess a proprietary, Sharia-compliant global equity benchmark index which enables us to offer investors both a range of derived tailor-made products and guide clients in purchasing shares, either on a discretionary basis or at their specific request.