ITE- Shariah Index

In Feb 2009, Pragmatic Equities (India) launched ITE Shariah Indices comprising of Shariah Compliant stocks screened as per the guideline of Shariah Board
The ITE Shariah Indices are derived from the ITE Shariah Compliant Universe. The universe of listed companies on the BSE (Bombay Stock Exchange) is screened for Shariah Compliance and the ITE Shariah Compliant Universe is derived.

ITE Shariah Indices fall in two categories:

1.Size Based Indices
• ITE_ 35 (Large cap)
• ITE_ 211
• ITE_ 101
• ITE_ Midcap
• ITE_ Small cap

2. Sector Based Indices
• ITE_ Automobiles
• ITE_ Information Technology
• ITE_ Industrials
• ITE_ Consumer
• ITE_ Oil & Gas
• ITE_ Health care
• ITE_ Metals & Mining’s
• ITE_ Construction
• ITE Power & Utilities


ITE- Shariah Size Based Indices

ITE Shariah 35
ITE Shariah 35 is a well-diversified 35 stock Index and comprises of 10 core Shariah Compliant Economy Sectors as defined by the Islami Tijara Equity Sector & Industry Classification (ITE-SIC). ITE Shariah 35 launched in 2009 has been backtracked from 01 Jan 2003 by the Index Research Group (IRG), at PEI.
ITE Shariah 35 is owned and managed by Pragmatic Equities (India) Pvt. Ltd. PWM is India’s first specialized company focused on Shariah Compliant Wealth Management. ITE Shariah 35 is based on the free-float market capitalization-weighted methodology.
ITE Shariah Index Covers over 71% of total Float-adjusted Market cap of ITE Shariah Compliant Universe. The Index is thus a barometer and captures the happenings in the 10 core Shariah compliant economy sectors.
ITE Shariah 35 The free float closing Market cap of ITE 35 stocks as of 30th September 2011 is Rs 10,032 billion.
TTM* ( Trailing Twelve Months )