Business | Markets
Thomson Reuters and IdealRatings launch indices
First to offer research-based Sharia screening
- Staff Report
- Published: 00:00 July 4, 2011
Dubai: Thomson Reuters and IdealRatings yesterday announced the launch of Thomson Reuters IdealRatings Islamic Indices, the first Islamic benchmarks to offer research-based Sharia screening based on a globally accepted Sharia standard to investors, money managers and analysts across a range of Islamic instruments.
The new family of indices includes compliant companies in over 60 countries and covers the global equity markets in nine regions including the Gulf Cooperation Council (GCC) and Middle East and North Africa (Mena) in addition to individual country indices and sectors such as Global Technology, Health care, and Energy.
Companies represented in the indices include GCC companies such as Aramex, Dana Gas, Deyaar Development and Zain Group. Also represented are global corporations Exxon, Microsoft, Google and Novartis.
More from Markets
More from Business
Business Editor's choice
-
China breaks West's solar monopoly
Some countries in the world, especially Germany and the United States, have made considerable efforts to invest in developing solar energy cells
-
Burberry store spree will cut profit
Trenchcoat maker forges ahead with investment strategy targeting emerging markets
-
Laws needed to spur region bond markets
UAE Central Bank calls for creation of a centralised Sharia board to facilitate the sale of sukuk
