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Bloomberg Introduces Shariah-Compliant Investment Products
by Teresa Rivas
Today, Bloomberg's Professional division announced the launch of a Bloomberg Islamic Finance Platform (ISLM), which will provide tools and services for investors who want to be compliant with Shariah law.
It also announced the launch of a Malaysian Ringgit (MYR) sukuk index to provide a benchmark for MYR sovereign sukuk investments, in conjunction with the Association of Islamic Banking Institutions Malaysia (AIBIM).
"The Islamic marketplace is growing rapidly and there is high demand for a wide range of resources," Dan Doctoroff, President of Bloomberg L.P, said in a statement. "Bloomberg is delighted to increase its commitment to serve this dynamic market, where we have nearly 20 years of experience in reporting on Islamic financial news, in all regions and across multiple asset classes.
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