FINANCE - TRADE - Indonesia ready to ratify OIC`s preferential trade arrangement

Jakarta (ANTARA News) - Indonesia is ready to ratify the Preferential Trade Arrangement (PTA) of the Organization of Islamic Countries (OIC), a trade ministry official said.

CAPITAL MARKETS - Islamic ETFs: Here to Stay?

The concept is simple: Market makers bunch together “clean” stocks, and market players buy those stocks up for trade. For those who enjoy the thrill of buying and selling stocks, Islamic exchange traded funds (ETFs) are the filtered alternative. An ETF is basically a fund which behaves like equity. The difference between mutual funds and an ETF is that it is readily available on the secondary market and stock quotes are available throughout the day, as opposed to mutual funds whose net asset value (NAV) is calculated at the end of the day.