37 Sharia compliant companies

MUSCAT: Muscat Securities Market (MSM) announced 37 Sharia compliant companies for the first quarter of this year, whose business and financial behaviour coincided with the requirements of Islamic Sharia according to the Sharia rules approved by the Accounting and Auditing Authority for Islamic Financial Institutions (AAOIFI).

The list includes A’Saffa Food, Al Anwar for Ceramic Tiles, Al Jazeira Services, Kamil Power, Al Madina Takaful , Al Maha Ceramics, Bank Nizwa, Computer Stationery Industry, Construction Materials Industry, Dhofar Beverage and Food Stuff, Gulf International Chemicals, Gulf Mushrooms Products, Gulf Stone, Majan College, Majan Glass, Muscat Gases, Muscat Thread mills, National biscuit Industries, National Gas ,National Real Estate Development, Oman Cables Industry, Oman Cement, Oman Chromite, Omani Fisheries, Oman Flour Mills, Oman International Marketing, Oman Packaging, Oman Refreshment, Oman Telecommunications, Ooredoo, Port Services Corporation, Raysut Cement, Salalah Port Services, Shell Oman Marketing, Takaful Oman Insurance, United Power and al Izz Islamic Bank.

Three months

The list of sharia-compliant companies is reviewed every three months by adding any company that adheres to standards and eliminates companies that are not eligible.