S&P launches GCC Sharia Index

The new indexes – S&P Saudi Sharia, S&P Bahrain Sharia, S&P Kuwait, Sharia, S&P Oman Sharia, S&P Qatar Sharia and S&P United Arab Emirates Sharia – in addition to a S&P GCC Investable Sharia and a S&P GCC Composite Sharia Index - include only those stocks which comply with sharia-law.

This new set of indexes follow the sharia-compliant versions of the S&P 500, the S&P Europe 350 and the S&P Japan 500 indexes, launched in December last year. Greater desire to invest in compliance with sharia

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