Bloomberg claims that the ISLM platform has extensive resources for investing in fixed income, equities and money markets that comply with Shariah.
The service includes Sukuk, a news coverage, analytics and search tools of more than 1,500 Islamic bond issues globally including fatwa endorsements.
Islamic community database with over 250 Shariah scholars with details on which sukuk they have rated, boards they represent and their fatwa endorsements, along with a list of over 70 Islamic banks and profiles on all prominent Islamic institutions and regulators.
Equities & funds resource offers screening of over 35,000 Shariah-compliant stocks by screening agencies. Database of over 500 Islamic funds with ability to research and monitor debt, commodities, equities and exchange traded funds (ETFs).
Regional specific content carries the Malaysia International Islamic Financial Centre (MIFC) initiative’s content, developed in collaboration with Bank Negara Malaysia and other MIFC community members.
Bloomberg said that the new ISLM platform will be integrated with the Bloomberg Professional service, which supports its Order Management System (OMS) and Asset and Investment Management system (AIM).
In addition, Bloomberg also launched Malaysian Ringgit (MYR) sukuk index, in cooperation with the Association of Islamic Banking Institutions Malaysia (AIBIM), to provide a benchmark for MYR sovereign sukuk investments.
Bloomberg Global Head of Emerging Markets and Islamic Finance Gerard Francis said that ISLM will give investment professionals the edge they need to make informed decisions and meet the increasing demands of investors and regulators.
The Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index (BMSSI) developed together with The Association of Islamic Banking Institutions Malaysia (AIBIM), provides a benchmark of performance for investors seeking exposure to Shariah-compliant Malaysian Ringgit-denominated Sovereign Issuances.
AIBIM president Dato’ Mohd Redza Shah Abdul Wahid said that the MYR sukuk index developed with Bloomberg will become the Islamic benchmark of choice for the Malaysian sukuk market and help stimulate the growth, competitiveness and sustainability of Islamic financial services.
"With strategic partnerships and collaborative efforts, we can build an extensive and innovative leading-edge Islamic financial community that will succeed globally and enhance international presence for Islamic products and services," Wahid said.
