Russell introduces Russell-IdealRatings Islamic Index Series

Russell Indexes and IdealRatings have introduced the Russell-IdealRatings Islamic Index Series, a newly enhanced index series for Shariah investors. These new indexes benefit Shariah multi-asset investors by combining the experience and methodology of the Russell Global Indexes with the Shariah oversight of IdealRatings. The latter includes specific sector- and financial-based filters. It also includes monitoring and approval by a board of Islamic scholars. The new Islamic Index Series is fully modular and covers approximately 3,100 securities in 48 countries.