The S&P Global Infrastructure Shariah index is part of the family of S&P Sector & Strategy Shariah index series. The index is designed to provide liquid and tradable exposure to companies that represent the listed infrastructure universe globally while adopting explicit selection criteria defined by Islamic law. The universe is drawn from three distinct infrastructure clusters: Energy, Transportation, and Utilities.
Index constituents exhibit the following characteristics:
Underlying Indices –S&P Global Infrastructure
Weighting –Modified capitalization weighting
Reconstitution –As needed basis
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.