S&P Dow Jones Indices announced the launch of the S&P MENA Bond & Sukuk Index and its two subindices: S&P MENA Bond Index and S&P MENA Sukuk Index. With the exception of the S&P MENA Bond Index, each of the indices launched are screened for Shariah compliance.
The S&P MENA Bond & Sukuk Index is comprised of a universe of U.S. dollar denominated debentures that seeks to measure the performance of bonds and Islamic fixed income securities – also known as sukuk - in the Middle East and North Africa (MENA) markets. The Index measures the performance of companies domiciled in Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, Yemen.
“The launch of these indices enhances S&P Dow Jones Indices’ fixed income footprint in the Middle East,” says Charbel Azzi, head of Middle East and Africa for S&P Dow Jones Indices. “The new MENA Bond and Sukuk indices will provide investors with a relevant and timely measure of the performance and trends in the sukuk sector.”
For more information : www.spdji.com
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