Global launches GCC Islamic Index

Global GCC Islamic Index comprises of all sharia-compliant stocks listed on all GCC stock exchanges. There are 66 companies at present. The market capitalisations of the companies included in the index are converted into US dollars using the applicable exchange rates.

The index is maintained according to a methodology that is consistent with that of the Global Kuwait Stock Exchange Indexes, which are 100% market capitalisation weighted indexes, based on the formulae set by the International

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