FTSE Group and Nasdaq Dubai launched the first Gulf Cooperation Council (GCC) country indices for domestic, GCC, and international market participants. The GCC countries included in the series are the UAE, Kuwait and Qatar. The indices are tools suitable for use in the creation of index-linked products like tracker funds, index certificates, warrants, exchange traded funds, and they also pave the way for the introduction of exchange traded index derivatives, including futures and options.
FTSE Group and Nasdaq Dubai launched the FTSE Nasdaq Dubai Shariah Index Series, the first set of Shariah-compliant country indices for the Gulf Cooperation Council (GCC) region in 2006. The index series is designed to represent the performance of the largest and most liquid Shariah-compliant companies from UAE, Kuwait and Qatar.