The S&P Emerging Markets Shariah index is part of the family of S&P Global Benchmark Shariah index series. The S&P Shariah indices are designed to offer investors a set of indices that are compliant with Islamic canonical law. Representative of each market and with high correlations to their underlying indices, each Shariah-compliant index provides investors with a comparable investable portfolio while adopting explicit selection criteria defined by Islamic law.
Index constituents exhibit the following characteristics:
Underlying Indices – S&P/Citigroup Emerging Markets 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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