Key Benefits   |    Methodology   |    Index Data
  Dow Jones Citigroup Sukuk Index Fact Sheet
   
Overview

The Dow Jones Citigroup® Sukuk Index is the first index to measure the performance of global bonds that comply with Islamic investment guidelines. The index is made up of investment-grade, U.S. dollar-denominated Islamic bonds - also known as sukuk.

The index was created primarily as a benchmark for investors seeking exposure to Sharia-compliant fixed-income investments. In addition, the index may serve to increase secondary market trading in this growing asset class and facilitate cross-market relative value trading among different asset classes.

The index shares design criteria and calculation assumptions with the broader Citigroup fixed-income index family, and its screens for Sharia compliance are consistent with those of the Dow Jones Islamic Market (DJIM) Indexes.

To be included in the index, a bond must comply with both Sharia Law and the Bahrain-based Auditing & Accounting Organization of Islamic Financial Institutions (AAOIFI) standards for tradable sukuk. It also must have a minimum maturity of one year, a minimum issue size of US$200 million, and an explicit or implicit rating of at least BBB-/Baa3 by leading rating agencies.

CITIGROUP is a registered trademark and service mark of Citigroup Inc., is used and registered throughout the world and is used under license by Dow Jones & Company, Inc

CONTACT US | TERMS & CONDITIONS | PRIVACY POLICY | FOR ADVERTISERS | HELP/FAQ | HOME
Copyright © 2009 Dow Jones & Company. All Rights Reserved.