Overview

The Dow Jones Sukuk Index is designed to measure the performance of global Islamic fixed-income securities—also known as sukuk. The index includes U.S. dollar-denominated investment-grade sukuk issued in the global market that have been screened for Shari´ah compliance according to the index methodology. The index was created as a benchmark for investors seeking exposure to Shari´ah-compliant fixed-income investments.

The Dow Jones Sukuk Index follows the same consistent, quantitative methodology as the Dow Jones Islamic Market (DJIM) Indices, which are monitored to ensure their continued adherence to Shari´ah principles.

To be included in the index, a bond must pass screens for Shari´ah compliance and meet the standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). It also must have a minimum maturity of one year, a minimum size outstanding of USD 200 million, and an explicit or implicit rating of at least BBB-/Baa3 by leading rating agencies.

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