The Islamic concept of wa'ad has been used as a linchpin for a variety of structured products in recent years. Priya Uberoi, Rahul Chatterji and Dany Bidar consider the role of wa'ad in the evolution of Islamic derivatives, outlining the essential characteristics...
Dow Jones has launched a new Islamic index, which has been simultaneously licensed to an exchange-traded fund (ETF) provider in the US. The Dow Jones Islamic Market International Titans 100 Index will track 100 companies outside the US which have passed...
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
Standard & Poor's today launched a sharia-compliant equity index covering nine Asian countries, and said that it planned more sharia indexes over the next 12 months.
Standard & Poor's (S&P) newly-launched sharia stock indexes have had a quiet reception from the market since their launch last month, but the rating agency is confident that a range of sectoral indexes will be more successful.
The European Islamic Investment Bank opened for business in London today, a month after receiving clearance from the UK Financial Services Authority (FSA).
The International Swaps and Derivatives Association is working to develop formal documentation for sharia-compliant derivatives transactions, chief executive Robert Pickel told RiskNews at an interview at the association’s annual general meeting in...