Islamic Indexes

The MSCI Islamic Indexes exclude non-Sharia-compliant securities through business activity screening and total asset and market cap financial ratio screens. We adhere to Sharia investment principles, including incorporating dividend purification — donating a portion of income from non-compliant activities — into the total return calculation of our Islamic indexes.

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Target benefits
Islamic exclusions
Featured indexes

Target benefits
Build portfolios that follow Sharia investment principles

Access independently approved methodology

Methodology approved as Sharia-compliant by independent Sharia advisory committee of Islamic scholars.

Apply across equity and fixed income

Sharia-compliant equity indexes with total asset and market cap financial ratio screens, alongside fixed income Sukuk indexes, are available to meet client preferences.

Exclude range of business activities

Screen for non-Sharia-compliant business activities such as those related to alcohol, tobacco and weapons.

Islamic index exclusions

We offer two index series that use similar business activity screening but different financial ratio screens.

Business activity:

Alcohol
Tobacco
Cannabis

Pork-related products
Defense/weapons
Conventional financial services

Gambling/casinos
Hotels
Music

Cinema
Adult entertainment
Online dating¹

Financial ratio:

Islamic Index Series

Uses total assets as denominator

Islamic Index M Series

Uses average market capitalization as denominator

Explore Islamic Indexes
View performance details, fact sheets and more

Showing 11 equity indexes

Showing 11 equity as of

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Index	Index code	Last	Day	MTD	3M	YTD	1 YR	3 YR	5 YR	10 YR
MSCI World Islamic Index	136123	4335.35	-0.90%	-2.11%	-3.64%	17.69%	19.47%	17.58%	10.67%	11.84%
MSCI EM (Emerging Markets) Islamic Index	136144	2740.56	-0.59%	-3.74%	-11.52%	29.59%	32.12%	25.21%	10.11%	11.69%
MSCI USA Islamic Index	136353	6032.59	-1.15%	-2.47%	-3.04%	21.98%	24.15%	18.83%	12.17%	12.93%
MSCI Malaysia Islamic High Dividend Yield 10/40 Index	700273	4584.66	-0.66%	-2.56%	-8.42%	-5.68%	-2.56%	6.23%	1.80%	3.94%
MSCI South East Asia Islamic High Dividend Yield 10/40 Index	702296	3894.09	0.00%	-1.79%	-9.57%	-11.21%	-9.75%	1.37%	1.27%	2.54%
MSCI USA Tech Islamic M Series Custom Index	748013	9552.52	-2.04%	-5.78%	-10.58%	4.40%	4.43%	26.22%	12.40%	19.88%
MSCI USA Islamic Universal Screened Select Index	748043	4904.09	-1.56%	-1.84%	-4.14%	24.84%	27.05%	20.48%	12.55%	13.93%
MSCI EM (Emerging Markets) Islamic Universal Screened Select Capped Index	748044	2736.64	-0.64%	-4.28%	-12.47%	38.14%	42.49%	27.31%	10.56%	12.27%
MSCI World Islamic Universal Screened Select Index	749189	3792.77	-1.19%	-1.63%	-4.59%	18.58%	20.10%	19.12%	10.46%	12.31%
MSCI Europe Islamic Universal Screened Select Index	749190	2990.62	-0.73%	-0.62%	-3.85%	10.19%	11.79%	16.47%	7.93%	11.05%
MSCI Saudi Arabia SMID Islamic Growth Select Index* *An MSCI custom index based on the stock exclusion list defined by Saudi Exchange	755439	1605.15	0.10%	--	-10.89%	-9.58%	-17.98%	-5.71%	-0.20%	--

These Additional Terms of Use govern your access or use of the index data and related information and materials on the MSCI web site ("Index Data"). Initial and subsequent access and use of the MSCI web site and Index Data is subject to these Additional Terms of Use.

The Index Data is for informational, non-commercial purposes only, and the user of the information contained in the Index Data assumes the entire risk of any use made of the Index Data. You understand and agree that the Index Data is provided "as is" and MSCI does not warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data.

The Index Data is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the Index Data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Reproduction, redistribution or any other form of copying or transmission of the Index Data without MSCI's prior written consent is strictly prohibited. Without limiting the generality of the foregoing, the Index Data and other MSCI intellectual property you access via the MSCI web site may not, without MSCI's prior written permission, be used as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, or used to verify or correct data in any other compilation of data or index, or used to create any other data or index (custom or otherwise), or used to create any derivative works, or used for any other commercial purposes.

For further details, .

Index

Index code

Last

Day

MTD

3M

YTD

1 YR

3 YR

5 YR

10 YR

All indexes in this list use the "Total Return without Transaction Costs" variant.

Showing 2 fixed income indexes

All indexes in this list use the "Total Return without Transaction Costs" variant.

Showing 2 fixed income as of

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Index	Index code	Last	Day	MTD	3M	YTD	1 YR	3 YR	5 YR	10 YR
MSCI Global Sukuk Index	765221	1334.78	-0.26%	-0.05%	-0.93%	0.07%	0.88%	6.11%	2.49%	--
MSCI Global USD+EUR Sukuk Index	758447	1359.65	-0.30%	0.10%	-1.26%	-0.48%	-0.05%	5.47%	2.21%	--

These Additional Terms of Use govern your access or use of the index data and related information and materials on the MSCI web site ("Index Data"). Initial and subsequent access and use of the MSCI web site and Index Data is subject to these Additional Terms of Use.

The Index Data is for informational, non-commercial purposes only, and the user of the information contained in the Index Data assumes the entire risk of any use made of the Index Data. You understand and agree that the Index Data is provided "as is" and MSCI does not warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data.

The Index Data is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the Index Data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Reproduction, redistribution or any other form of copying or transmission of the Index Data without MSCI's prior written consent is strictly prohibited. Without limiting the generality of the foregoing, the Index Data and other MSCI intellectual property you access via the MSCI web site may not, without MSCI's prior written permission, be used as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, or used to verify or correct data in any other compilation of data or index, or used to create any other data or index (custom or otherwise), or used to create any derivative works, or used for any other commercial purposes.

For further details, .

Index

Index code

Last

Day

MTD

3M

YTD

1 YR

3 YR

5 YR

10 YR

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Islamic Indexes methodology

Take a deeper dive into our thinking behind our Islamic Indexes.

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Sustainability Indexes

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1 Starting from the November 2021 Semi-Annual Index Review, online dating services are considered prohibited activities. Matrimonial services are not part of this screen.

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Islamic Indexes

Target benefits
Build portfolios that follow Sharia investment principles

Access independently approved methodology

Apply across equity and fixed income

Exclude range of business activities

Islamic index exclusions

Explore Islamic Indexes
View performance details, fact sheets and more

Want to learn more about our Islamic Indexes?
Get in touch.

Related to Islamic Indexes

Islamic Indexes methodology

Sustainability Indexes

Featured solutions bring together a variety of products to create approaches customized to your needs

MSCI Research Weekly

By topic

By asset class

MSCI SignalLab

Index categories

Index resources

Capture the U.S. equity market

By asset class

By theme

The foundations of infrastructure investing

Who we are

News and events

Innovation

Grow with us

Islamic Indexes

Target benefitsBuild portfolios that follow Sharia investment principles

Access independently approved methodology

Apply across equity and fixed income

Exclude range of business activities

Islamic index exclusions

Explore Islamic IndexesView performance details, fact sheets and more

Want to learn more about our Islamic Indexes?Get in touch.

Related to Islamic Indexes

Islamic Indexes methodology

Sustainability Indexes

Target benefits
Build portfolios that follow Sharia investment principles

Explore Islamic Indexes
View performance details, fact sheets and more

Want to learn more about our Islamic Indexes?
Get in touch.