About HSBC/ DIFX Indices
DIFX and HSBC have jointly launched three main indices, with various sub-indices
HSBC, the global banking giant, and DIFX, the international financial exchange serving the region between Western Europe and East Asia, have strategically partnered to create a family of conventional and sukuk indices. This initiative aims at promoting the global sukuk industry as well as the regional bond market.
The Dubai International Financial Exchange (DIFX) has achieved the status of being the largest global exchange in terms of value of listed sukuk, at USD 13.78 billion, because it is committed to promoting the growth of the industry. HSBC Amanah has been instrumental in shaping the growth of the sukuk industry in the region and has been at the forefront of innovation in the sukuk structuring business.
HSBC/ DIFX Partnership
The DIFX and HSBC have jointly launched three main indices, with various sub-indices. Both partners are committed to continually enhance, develop and refine the index family in order to meet the needs of global and regional investors and other stakeholders.
HSBC/ DIFX Family of Indices
The HSBC/DIFX indices track the performance of international sukuk and Middle Eastern conventional bonds. The indices are grouped into three major categories: Sukuk, Middle Eastern Conventional Bonds and Middle Eastern Aggregate.
- SKBI – Sukuk Indices
- MEBI –Middle Eastern Conventional Bond Indices
- MEAG – Middle Eastern Aggregate Indices
These indices use the daily HSBC bid price at Middle East close. The indices provide daily updated information about the price movements in the sukuk and conventional bond secondary markets, on aggregate, regional and industry levels. The sub-indices also distinguish between types of issuers, i.e. sovereign and corporate.
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