Investment strategy
Hang Seng Islamic China Index Fund is the first SFC authorized Islamic fund in Hong Kong. The Fund tracks the Dow Jones Islamic Market China/Hong Kong Titans Index. The DJICHK index measures the performance of selected Shariah compliant stocks of companies whose primary operations are in mainland China and Hong Kong and are traded on the HKEx. Two-level screening was applied to construct the index:
1. Sectorial screening: In compliance with Islamic Investment Principles, conventional financial institutions such as banks and insurance are precluded from the investing universe. Also precluded are companies involved in alcohol, tobacco, gaming, entertainment and pork-related products.