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Russell-Ideal Ratings Islamic Index

Russell-IdealRatings Islamic Index is a global index reflecting the global market performance for Shariah compliant investors. The Russell-IdealRatings Islamic Index offers investors an accurate and complete global-equity market index that reflects established Shariah investment guidelines. Combining the deep experience of the Russell Indexes and the oversight of IdealRatings, these indexes are the best-available representation of the global Shariah compliant opportunity set.

Based on the broad and deep Russell Global Index universe, specific sector and financial based filters are applied to ensure the exclusion of non-compliant companies, according to Shariah law. After going through the screening process, the Index includes approximately 3,200 securities from 45 countries, covering emerging and developed regions. The result is a series of indexes that reflect the best possible subset of the global market for Shariah-compliant investors. To ensure full compliance with Shariah principles, the index is approved and monitored by an independent board of some of the most highly distinguished and respected Islamic scholars in the field.

Key Features and Coverage on RIMES

For this data source, RIMES hosts data for over 24200 indices and 11300 companies. Index coverage includes DEV, DXU, EMM, GCC, MEN, ASP, EUR, APJ, GLO, GXU, etc.

Some of the data items available include:

  • Company Items: Investable Market Value, Investable Shares Outstanding, Investable Weight, ISIN Code, Market Identifier Code, Market Value, Next Date of Portfolio, Opening investable Market Value , Opening Market value in Euros, Opening Weight in Index, Region Flag, Russell Emerging Markets Flag, Sector Code, Sector Description, Sedol Code, Shares Outstanding, Unadjusted Price in Local Currency, Value Factor, Weight in Index
  • Index Items: Country Code, Currency Code, Database Domain Code, Database Source, Database Symbol, Description, Industry Level 1 Code, Last Price Date, Partner Short Code, Dividend Amount Gross, Dividend Amount Net, FTSE Region, Gross Index, Hedged Price Index , Index Family, Industry Classification Code, Market Capitalization, Net Index, Number of Constituents, Opening Market Capitalization , Price Index, Style Factor (Growth/Value), Market Value , Opening Market Value, etc.

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