IdealRatings and FTSE Russell launch the FTSE IdealRatings Sukuk Index
IdealRatings Inc. launched the FTSE IdealRatings Sukuk Index in June in collaboration with global index provider FTSE Russell, incorporating IdealRatings’ Sukuk Shariah compliance screening methodology into the existing FTSE Sukuk Index methodology.
The FTSE IdealRatings Sukuk Index tracks the performance of US Dollar-denominated, investment-grade Sukuk that are issued in the global markets, providing investors with a transparent and objective measure of the market, enriched with best-in-class analytics capabilities available through the Yield Book platform. The screening of Shariah compliance for global Sukuk is based on the authentic methodology developed by IdealRatings, which is a compulsory eligibility criteria for inclusion of an instrument in the FTSE IdealRatings Sukuk Index. The screening methodology incorporates more than 150 Shariah standards to assign a pass / fail score based on a pre-determined threshold, and Sukuk must pass any mandatory standards set by IdealRatings.
“We are very happy with our active FTSE Russell collaboration on the latest partnership that revealed ‘FTSE IdealRatings Sukuk Index’. Together we designed an index to serve investors who are seeking to manage Islamic fixed income portfolios while minimizing Sukuk compliance risk” said Mohamed Donia, IdealRatings CEO.
“We are delighted to have partnered with IdealRatings to incorporate their best-in-class screening methodology into our index methodology. The rebranded index combines the Shariah expertise of IdealRatings with FTSE Russell’s strong expertise in benchmarking. It also nicely rounds out cross-asset coverage, building on the existing collaboration for equities”, said Nikki Stefanelli, FTSE Russell, Head of Fixed Income and Multi-Asset Index Policy.
FTSE IdealRatings Sukuk Index related information, including profiles, analytics, performance returns and historical data, can be retrieved from the FTSE Russell website. The index related information is also available on major third-party platforms with an identifier of SBKU.
50 California Street, Suite 1500,
San Francisco, CA 94111
Tel: +1 (415) 955-2737
Fax: +1 (415) 397-6309
IdealRatings, incorporated in San Francisco, is a global solutions provider for Responsible Investments. Its database solutions for Equities, REITs, and Fixed Income are aimed at global investment managers and asset owners. IdealRatings solutions are licensed by leading financial institutions, asset managers, index providers, data vendors and brokerage firms in over 25 countries across all continents.
For more info visit IdealRatings website at www.idealratings.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IdealRatings and FTSE Russell launch the FTSE IdealRatings Sukuk Index here
News-ID: 2149169 • Views: 595
More Releases for FTSE
Oxford Instruments plc enters the FTSE 250
The FTSE Group has announced that Oxford Instruments plc, the leading provider of high technology tools and systems for industry and research, has been promoted to the FTSE 250 index. Jonathan Flint, Chief Executive, says “Joining the FTSE 250 is an outstanding milestone for Oxford Instruments and something all our employees can be extremely proud of. It reflects the huge steps forward the Group has made during recent times, successfully
Real Estate Investment Drives Growth in FTSE 100 – AAA
The London-based FTSE 100 recent results illustrated perfectly how real estate is once again proving to be a lucrative investment market, claimed Alternative Asset Analysis (AAA). Boston, MA, May 21, 2011 -- The London-based FTSE 100 recent results illustrated perfectly how real estate is once again proving to be a lucrative investment market, claimed Alternative Asset Analysis (AAA). The alternative investment advocacy group said that property firms have seen extremely strong rises
Spread Betting: Goldman Sachs earnings trigger equity sell off - FTSE back below …
Financial spread betting expert and City Index (http://www.cityindex.co.uk/) Market Strategist Joshua Raymond looks at the financial headlines shaping trading on 19th January, including a sell-off triggered by a decline in earnings at Goldman Sachs “A surprising decline in earnings from major US bank and corporate bellwether Goldman Sachs triggered investors into defensive mode in late European trading, forcing the FTSE 100 lower by over 1% and back below the 6000 level.
Financial Spread Betting & CFD Trading: FTSE rallied 1% on strength in commodity …
Joshua Raymond is a spread betting expert and Market Strategist at City Index (http://www.cityindex.co.uk/). Here, he looks at the financial activity shaping trading on 18th January, including strong buyer demand for shares of commodities companies pushing the FTSE higher. “Strong buyer demand for shares of commodity companies such as energy and mining firms, aligned with hopes for an outperforming earnings season helped to power the FTSE higher by over 1%, with
Spread Betting News: Monday "quiet day", but FTSE 100 expected to rise at open
Financial spread betting provider City Index (http://www.cityindex.co.uk/) looks at the financial news affecting traders on 17th January, with the FTSE set to open robustly and a public holiday in the USA. Individuals with a spread betting account may have found today (January 17th) to have limited activity, although the FTSE 100 was set to open robustly. As of 06:24 GMT, Reuters reported the FTSE 100 was expected to open between one and
Spread Betting Update: FTSE falls in light trade as investors slowly return
Joshua Raymond, spread betting expert and Market Strategist at City Index (http://www.cityindex.co.uk), discusses EU market activity around China, the FTSE and the mining sector on 29th December: “The first trading day after the Christmas break saw the FTSE 100 make a brief break below the 6000 level in light volumes before returning to a tight trading range of 6000-6020. There is very little that can be interpreted from today’s session