FTSE and DIFX to launch sharia-compliant GCC indexes

The benchmark indexes are intended to facilitate the creation of investor products such as tracker funds, index certificates, warrants and exchange-traded funds. The real-time indexes are available from 7th August. 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.

In June 2006 FTSE and the DIFX created the first GCC

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