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Introducing the Russell-Jadwa Shariah Index


A global index reflecting the global market performance for Shariah compliant investors.

A better set of tools for Shariah compliant investors
Launching in mid-summer 2009, the Russell-Jadwa Shariah Index offers investors an accurate and complete global-equity market index that reflects established Shariah investment guidelines. Combining the deep experience of the Russell Indexes and the oversight of
Jadwa Investment, these indexes are the best-available representation of the global Shariah compliant opportunity set.

Created from experience
 
  • Based on the broad and deep Russell Global Index universe of over 10,000 securities in 70 countries.

  • Specific-sector and financial-based filters are applied to ensure the exclusion of noncompliant businesses, according to Shariah law.

  • After going through the screening process, the Index is expected to include approximately 2,700 securities from 60+ countries, covering emerging and developed regions.

The result:

A series of indexes which reflects the best possible subset of the global market for Shariah compliant investors.

To ensure full compliance with Shariah principles, the index series is approved and monitored by an independent board of some of the most highly distinguished and respected Islamic scholars in the field.

Key benefits

  • Offers deep, comprehensive market coverage. Based on the Russell Global Index, representing over 98% of the global investable universe. Because it starts from such a broad and deep foundation, it comprehensively covers the global universe of Shariah compliant securities.

  • Uses a fully modular design. Created with a modular design that makes them easy to use and relevant to all asset classes — no gaps or overlaps.

  • Completely objective. Constructed using a rules-based, transparent methodology, creating ideal benchmarks and trading vehicles. There is no sampling. The index membership reflects the actual market.

  • Rigorously maintained. Daily corporate actions, monthly share adjustments, quarterly IPO inclusions and annual total reconstitution ensure that the indexes accurately represent the true opportunity set.

  • Quarterly screening for Shariah compliance. Strict screens applied for Shariah compliance.

  • Daily reflection of dividend purification.





  • Russell Investments is the owner of the trademarks, service marks and copyrights related to the Russell Indexes, including the Russell-Jadwa Shariah Index.

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    For more information
    News release
    Frequently asked questions
    Index fact sheet

    Go to Jadwa Investment


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