Baghdad — Rabee Securities (RS) has announced the introduction of two new market indices aimed at expanding investment opportunities and providing more nuanced analytical tools for investors in the Iraqi market.
1. RS Iraq Halal Companies Index (RSIHX)
The RS Iraq Halal Companies Index (RSIHX) is a price return index designed to track the performance of Iraqi companies that operate in accordance with Islamic finance principles.
The index currently includes five listed companies that have been screened and verified to meet Rabee Securities’ Sharia-compliance and index eligibility criteria, which have been in place since January 2022.
The constituent companies are:
- Asiacell Communications PJSC
- Baghdad Soft Drinks Company
- Iraqi Islamic Bank
- Commercial Islamic Bank of Iraq
- Al-Mansour Pharmaceutical Industries
The creation of the RSIHX reflects growing investor interest in Sharia-compliant investment options and marks a step forward in aligning the Iraqi market with global Islamic finance trends.
2. RS Iraq Banking Index (RSIBX)
The RS Iraq Banking Index (RSIBX) is a price return index designed to reflect the market performance of Iraq’s leading banking institutions. The index tracks five major banks that meet Rabee Securities’ index eligibility criteria, with calculations initiated in January 2022.
The constituent banks are:
- National Bank of Iraq
- Bank of Baghdad
- Al-Mansour Bank
- Iraqi Islamic Bank
- Commercial Islamic Bank of Iraq
The RSIBX aims to provide investors and analysts with a focused benchmark for Iraq’s banking sector, enabling more accurate sectoral analysis, performance tracking, and portfolio diversification. By spotlighting the top-performing institutions, the index is expected to enhance transparency and investor confidence within one of Iraq’s most vital economic sectors.
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