Dubai – Mubasher: Emirates NBD on Wednesday announced the launch of the Emirates NBD Markit iBoxx USD Sukuk Index, covering global US dollar-denominated sukuk.
The index will include 98 sukuk from 61 issuers with a current market value exceeding $90 billion, according to a statement. It captures sovereign, sub-sovereign, and corporate sukuk from emerging and developed markets and will contain investment grade, sub investment grade, and unrated securities.
“Demand for sovereign and corporate sukuk has increased significantly over the last few years attracting significant international capital. With the launch of the Emirates NBD Markit iBoxx USD Sukuk Index, we aim to provide investors with world-class analysis tools and standardised performance measurement to enable them to make the best investment choices,” CEO of Emirates NBD Capital Ahmed Al Qassim stated.
“From an asset management perspective, we look forward to the product development opportunities the index can provide, creating new avenues for regional and global investors to access the investment opportunities provided by sukuk,” executive vice president, head of products, and advisory at Emirates NBD Tariq bin Hendi said.
Developed by Emirates NBD Group in collaboration with IHS Markit, the Emirates NBD Markit iBoxx USD Sukuk Index is a market-cap weighted index dedicated to capturing the performance of the sukuk market.
