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Local Indexes

It is a weighable index and it was launched on 24th June, 2002 and it tracked the total movment of all the compliant companies with the approved Sharia criteria by the Sharia Control Board of Madar Finance & Investment Company
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Gulf Indexes
   
 
The company has established financial indexes for covering the Gulf stock exchanges where these indexes will contribute to generating the required interest by the desirous investors to invest in this class of company shares. Moreover, these indexes will act as a basic drive for comparing and assessing the performance of portfolios by the fund managers because this method will enable the Gulf investors to trace their investments and draw the necessary comparison between them. These indexes are divided into two types:
   
 
  • Gulf Compliant-Compound Index
  • GCC 30 Compliant Index
  • Gulf Sectors Index
 
   
  Gulf Compliant-Compound Index
 
The Gulf Compliant-Compound Index comprises the listed companies in the GCC countries` region; and the companies are formed in this index in terms of weight according to their market value. The Gulf Compliant-Compound Index is calculated by applying the method of IFC and the calculation of the two indexes began since the year 2000 the indexes is reviewed quarterly and the index base value is 100 points.
   
 
   
  GCC 30 Compliant Index
 
The GCC 30 Compliant Index comprises the shares of the thirty pioneering companies in terms of activity because this index discusses all shares of the compliant companies with larger activity in terms of trading volume. The calculation of GCC 30 Compliant Index is made equally in terms of the market value. The calculation of this index began since the year 2000 and the indexes is reviewed and the compliant companies are selected quarterly and the index base value is 100 points, bearing in mind that the market value of the indexes is counted based on the conversion of all into the US Dollar according to the last exchange rate.
   
 
   
  Gulf Sectors Index
 
The issue of the Gulf Index started in January, 2000 and thereafter the Gulf Sectors Index is added in January 2004. So, these are new indexes which reflect the movement of every sector separately. The indexes are calculated in terms of weight pursuant to the market value and the involved sectors are:
   
 
  • Gulf Index – General
  • Gulf Index – Foodstuff
  • Gulf Index – Banks
  • Gulf Index – Basic Materials
  • Gulf Index – Building Materials
  • Gulf Index – Energy
  • Gulf Index – Insurance
  • Gulf Index – Investment
  • Gulf Index – Industry
  • Gulf Index – Services
  • Gulf Index – Real Estate
 
   
    The GCC Sharia Compatible Index—Series Fact Sheet (Dec 2005)

  The Kuwait Sharia Compatible Index—Series Fact Sheet (Dec 2005)

  The Almadar US Sharia Compatible Index Fact Sheet (Dec 2005)