What is DSES?
This is an stock market index in Bangladesh. It's a subset of the Dhaka Stock Exchange (DSE) and includes stocks from this index that comply with Shariah, the Islamic religious law.
Where have you heard about DSES?
If you follow global markets, you might have heard of the DSE Shariah index when it was established in 2014. It was set up by the DSE with help from the S&P Dow Jones Indices, which served as consultants.
What you need to know about DSES.
It's a float-adjusted index weighted by market capitalisation. DSES includes all stocks from the DSE index that pass its Shariah screening test. This means it does not include industries that would be considered inappropriate investments for devout Muslims. The index does not include firms with business activities related to alcohol, gambling, pork, tobacco, pornography or trading of gold and silver as cash. Many advertising and media organisations are also banned along with financial institutions, with the exception of Islamic banks.
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