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.