Kuala Lumpur: Bloomberg yesterday announced the launch of a Bloomberg Islamic Finance Platform (ISLM), a solution designed to increase transparency, better connect the community and provide analytical tools to maximise investment performance in the rapidly growing market for Shariah-compliant products and services, the company said.
"The Islamic marketplace is growing rapidly and there is high demand for a wide range of resources," Dan Doctoroff, President of Bloomberg, said.
"Bloomberg is delighted to increase its commitment to serve this dynamic market, where we have nearly 20 years of experience in reporting on Islamic financial news, in all regions and across multiple asset classes."
Gerard Francis, Bloomberg's Global Head of Emerging Markets and Islamic Finance, said: "Bloomberg's Islamic Finance Platform provides the most complete, customisable and innovative solution available today. ISLM has the broadest set of Islamic finance data, analytics and proprietary news, significantly increasing market transparency.
ISLM will give investment professionals the edge they need to make informed decisions and meet the increasing demands of investors and regulators."
Extensive resources
Bloomberg said its ISLM platform has extensive resources for investing in fixed income, equities and money markets that comply with Sharia including Sukuk news coverage, analytics and search tools of more than 1,500 Islamic bond issues globally including fatwa endorsements and structured diagrams of the financial instruments. It also includes credit ratings and searchable data on Islamic loans globally. The equities and funds section is screening over 35,000 Sharia-compliant stocks by prominent screening agencies. A database of more than 500 Islamic funds with ability to research and monitor debt, commodities, equities and exchange traded funds is included.
An Islamic community database provides transparency into more than 250 Sharia scholars with details on which sukuk they have rated, boards they represent and their fatwa endorsements. Also included is a listing of more than 70 Islamic banks and profiles on prominent institutions and regulators.
