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S&P to calculate & maintain NBAD Islamic Index

Posted on 12 October 2009

From Albawaba.com: Asset Management Group at National Bank of Abu Dhabi (NBAD) has signed an agreement to assign Standard &Poor’s Custom Indices for the calculation and maintenance of the NBAD UAE Listed Islamic Index.

The index has been developed and maintained by NBAD since it was incepted in August 2006 and designed to measure the overall performance of Shariah-compliant securities listed on Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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