Dubai, 18 December 2023–Bloomberg announced today with IdealRatings, a financial data provider specializing in Islamic finance solutions, the launch of Islamic/Sharia-compliant indicator for fixed income securities (Sukuk) on the Bloomberg Terminal.

IdealRatings Inc. launched the FTSE IdealRatings Sukuk Index in collaboration with global index provider FTSE Russell, incorporating IdealRatings’ Sukuk Shariah compliance screening methodology into the existing FTSE Sukuk Index methodology.