IdealRatings and FTSE Russell launch the FTSE IdealRatings #Sukuk Index

IdealRatings Inc. launched the FTSE IdealRatings Sukuk Index incorporating IdealRatings’ Sukuk Shariah compliance screening methodology into the existing FTSE Sukuk Index methodology. The FTSE IdealRatings Sukuk Index tracks the performance of US Dollar-denominated, investment-grade Sukuk that are issued in the global markets. The screening of Shariah compliance for global Sukuk is based on the authentic methodology developed by IdealRatings. The methodology incorporates more than 150 Shariah standards to assign a pass / fail score based on a pre-determined threshold, and Sukuk must pass any mandatory standards set by IdealRatings.