The S&P BMI Country Shariah index is part of the family of S&P Global Benchmark Shariah index series. The index series currently includes developed and emerging market benchmark indices. The S&P BMI Country Shariah index covers 26 developed markets and 26 emerging markets.
Index constituents exhibit the following characteristics:
Underlying Indices – S&P/Citigroup BMI Global Index
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.
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