S&P launches Gulf States Shariah indices

S&P has followed the recent launch of a series of investable Gulf States indices with a Shariah-compliant set of local indices designed to pave the way for structured and other investment products. The indices include only stocks that comply with Shariah law. The investable GCC Shariah Series has been designed to capture the largest and most liquid stocks across the GCC, and to facilitate the launch of mutual funds, ETFs and structured products that will ‘enhance liquidity and improve risk m