Visa, MasterCard, S&P Global, Coca-Cola and PepsiCo to be removed from the ITS Shariah Index

The international trading platform ITS announces that, following a decision by the independent Shariah Board of IPS Management Company, the shares of Visa Inc. (V), MasterCard Inc. (MA), S&P Global (SPGI), The Coca-Cola Company (KO) and PepsiCo Inc. (PEP) will be excluded from Shariah-compliant investment strategies as part of the upcoming rebalancing of the ITS Shariah Index.

In accordance with Clause 5.7 of the ITS Shariah Index methodology, these companies will not be included in the index during the scheduled rebalancing on May 12, 2025.

The updated composition of the ITS Shariah Index – which consists of securities issued by companies whose business activities are in line with Shariah principles and Islamic investment guidelines – will be published on May 6, in line with the official rebalancing calendar.

 

About ITS

ITS is an international liquidity hub. Central to ITS's business model are the principles of best execution and smart order routing technology. These principles enable investors to execute securities transactions at the best prices available on the global financial market, regardless of the transaction volume. This technology ensures that the liquidity for foreign securities on ITS matches that of leading international platforms where these securities are traded.

ITS calculates its own indexes: the ITS World index (ITSW) and the ITS Shariah index (ITSS).

Trading of the first ETF in Central Asia and Caucasus, pegged to the performance of ITS’s own index – ITS World (ticker: ITSW), began on ITS in November 2024, providing a wide range of investors with a convenient and balanced instrument for investing and trading with a low entry threshold. In January 2025, the ETF lineup expanded with the introduction of a fund based on the ITS Shariah Index (ticker: ITSS).

ITS's direct clients include professional securities market participants from Kazakhstan and other countries, such as financial intermediaries who are accredited and directly registered at the AIFC. Investors, both private individuals and legal entities, access trading through these financial intermediaries, such as brokers and banks.

 

ITS Press Service
pr@itsx.kz