Sharia: When Muslim principles meet ESG
Tanya Ashreena reports.
When Schroders announced the launch of its Islamic Global Equity Fund in December, it said the fund would include a diversified investment strategy that combined Sharia law compliance with multi-factor investing and ESG principles.
The fund’s launch was in line with the Schroder Global Investor Study published in 2019, which found that many investors in the Islamic world are putting an increased emphasis on sustainability while deciding how to allocate their portfolios – and that there is an opportunity for the Sharia investment industry to capitalise on this.
The past couple of years have seen many Islamic funds integrating ESG.
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NEW YORK, April 6, 2021 /PRNewswire/ Bloomberg today announced that an independent assurance review of the Bloomberg Short-Term Bank Yield Index (BSBY) confirmed that the short-term credit sensitive index adheres to the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks. The review was conducted by a global, independent accounting firm and the final report is expected to be available shortly. Alignment with the IOSCO Principles is an important milestone, and recognizes BSBY adheres to industry best practices, said Steve Berkley, CEO of Bloomberg Index Services Limited (BISL) at Bloomberg. An increasing number of financial institutions and corporations are looking to BSBY for their loan products as they transition away from LIBOR, and we will continue to support their needs as they work to ensure compliance with regulatory timelines.
ICU начинает размещение фонда Global Equity Index для инвестиций в ETF interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.
Bloomberg Short-Term Credit Sensitive Index Available for U.S. Loan Market
Bloomberg‘s BSBY Short-Term Credit Sensitive Index Now Available for U.S. Loan Market
New York, NY Bloomberg today announced that the Bloomberg Short-Term Bank Yield Index (BSBY) is now available for use as a reference in financial benchmarks in the U.S. loan market. BSBY includes both a term structure and systemic credit-sensitive spread, which may be used to support the market‘s transition from LIBOR to risk-free rates, such as SOFR. Bloomberg began publishing BSBY on an indicative basis for the purposes of illustration, analysis and collection of market feedback on October 15, 2020.
[SINGAPORE] Global index providers MSCI Inc and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a US investment ban, crushing the share prices and widening the fallout from the US sanctions. Read more at The Business Times.