Joint partnership tracks GCC with sharia indexes

News

UK Index provider FTSE and the Dubai International Financial Exchange (DIFX) have partnered to created two sharia-compliant Gulf Cooperation Council (GCC) country equity indexes for domestic, GCC, and international investors.

The two sharia-compliant indexes are the FTSE DIFX Kuwait 15 Sharia Index, which is made up of 15 sharia-compliant stocks in Kuwait, and the FTSE DIFX Qatar 10 Sharia Index, which is made up of 10 sharia-compliant stocks in Qatar.

The indexes are intended to facilitate th

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