MSCI Launches New Islamic M-Series Indexes

MSCI Inc., a provider of research-based indexes and analytics, has announced the launch of the Islamic M-Series Indexes, providing an additional Islamic index screening methodology that gives local investors the option to choose between the traditional approach of using total assets or the more widely used market cap-based methodology. The MSCI Islamic Index M-Series includes: MSCI ACWI Islamic M- Series Index, MSCI Europe Islamic M- Series Index, MSCI North America Islamic M- Series Index, MSCI Pacific Islamic M- Series Index, and MSCI EM Islamic M-Series Index. In June 2015, MSCI announced broader coverage of the Middle East equity universe with the launch of the MSCI Saudi Arabia Indexes and the MSCI GCC Countries International Indexes.