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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 PWM.
ITE Shariah 35 is owned and managed by Pragmatic Wealth Management 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.
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