“A lack of globally accepted benchmarks and other tailored investment tools is constraining the development of Shariah-related equity investing around the world,” said Alka Banerjee, vice president of S&P’s Index Services. “Together, these new S&P Shariah indices will provide Islamic investors and asset managers with a rigorous and consistent set of benchmarks and offer product providers the opportunity to develop structured products tailored to the Islamic market, while drawing on the liquidity and investability of S&P indices.”
The new indexes include the
- S&P Saudi Shariah,
- S&P Bahrain Shariah,
- S&P Kuwait, Shariah,
- S&P Oman Shariah,
- S&P Qatar Shariah,
- S&P United Arab Emirates Shariah,
- S&P GCC Investable Shariah; and
- S&P GCC Composite Shariah Index.
According to the press release, the indexes have been screened by Kuwait-based Ratings Intelligence Partners.
For more information on the S&P Shariah Indexes visit: www.globalindices.standardandpoors.com.