|New Islamic Index From S&P|
|June 25, 2012 09:57 (CET)|
S&P Indices has launched the S&P/OIC COMCEC 50 Shariah Index, which is designed to measure the performance of 50 leading Shariah-compliant companies from the member states of the Organisation of Islamic Cooperation (OIC).
The index’s constituent countries are Bahrain, Bangladesh, Côte d’Ivoire, Egypt, Indonesia, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Morocco, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Tunisia, Turkey and the United Arab Emirates.
The S&P/OIC COMCEC 50 Shariah Index consists of the largest 50 stocks from the eligible universe. Constituents must have a minimum three-month average daily value traded (ADVT) of US$1 million at each rebalancing reference date. At least one stock (and a maximum of eight) from each country or territory must be included in the index.