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Twitter Shares Found Suitable For Islamic Investment

Shares in Twitter have been found eligible for investment by Islamic funds, according to IdealRatings, a company that screens stocks to determine whether they meet Muslim principle... More Shares in Twitter have been found eligible for investment by Islamic funds, according to IdealRatings, a company that screens stocks to determine whether they meet Muslim principles. IdealRatings said it had vetted Twitter in response to requests from fund managers and individual investors around the world. The social media company's share price soared in last week's New York Stock Exchange debut after a $1.8 billion initial public offer. Twitter joins some other big U.S. technology firms, including Google and Microsoft, in being found compliant with Islamic or sharia principles by IdealRatings, a California-based firm which provides screening services to major fund managers and compilers of equity indexes Less

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