FTSE Global Islamic Index Series

The FTSE Global Islamic Index Series (GIIS) are equity benchmark indices designed to track the performance of leading publicly traded companies whose activities are consistent with Islamic Sharia law.

The index series is calculated by FTSE and designed for those who wish to invest according Islamic investment guidelines. In essence, it is an indicator of the performance of global stocks that are available to an Islamic investor.

On 9 February 2006 FTSE announced a co-operation agreement to work with Yasaar Research Inc to extend FTSE's Shariah compliant product range. Yasaar's panel of high-profile Shariah scholars have extensive market expertise in all of the world's major financial centres. FTSE Group are currently working with Yassar Research Inc to review the methodology and screening process of the FTSE Global Islamic Index Series.

Other Shariah-compliant FTSE indices include the FTSE SGX Shariah Index Series, and the FTSE DIFX Shariah Index Series, as well as the FTSE Bursa Malaysia Index Series which were launched in August 2006.