Thomson Reuters and IdealRatings launch indices
First to offer research-based Sharia screening
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.
