Dubai – Mubasher: Nasdaq Dubai and IdealRatings launched benchmark indices that track the performance of global Sukuk to provide investors with new data to make informed trading decisions, according to a statement.

It tracks a universe of more than 1,800 Sukuk globally, with eligibility criteria including a minimum issue size of $100 million.

The Nasdaq Dubai IdealRatings Sukuk Indices family comprises the Global Sukuk Index, covering all currencies, and five sub-indices covering issuances in US dollars only.

The sub-indices reflect distinct segments of the market, which are: investment grade issuances; issuances by sovereigns; issuances by corporates; issuances by financial institutions; and GCC issuances.

“These indices provide unique market transparency that will support confidence in the rapidly expanding sukuk sector among investors around the globe, leading to increased liquidity and further issuances by a range of companies and other entities,” according to Essa Kazim, Governor of Dubai International Financial Centre (DIFC), Secretary General of Dubai Islamic Economy Development Centre (DIEDC) and Chairman of Dubai Financial Market (DFM).