The S&P Pan Arab index series includes stocks from listed companies in the countries of Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates (UAE). The underlying country indices are part of the S&P/IFCG (Global) Indices.
Standard and Poor's also offers the S&P Pan Arab Shariah index series. It is compliant with Islamic canonical law that is based on the teachings of the Koran. To ensure compliance with the laws, index constituents of S&P Pan Arab index series are screened with specific criteria and then included in the compliant index.
Index constituents exhibit the following characteristics:
- Market Coverage– 11 markets
- Underlying Indices – S&P/IFCG
- Weighting – Market capitalization
Index Governance and Policy
The parent index is maintained by S&P Index Committees, whose members include Standard & Poor’s economists and index analysts. Working with the Shariah Supervisory Board and Ratings Intelligence Partners, the Shariah indices follow a set of published guidelines and policies that define the transparent methodologies used to maintain the indices.
Adobe Reader® required | 