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First Islamic Benchmark
Thomson Reuters in partnership with leading Islamic finance institutions today launched the world’s first Islamic finance benchmark rate. It is designed to provide an objective and dedicated indicator for the average expected return on Shariah-compliant short-term interbank funding. Learn more about the benchmark in this factsheet.
Rates for Shariah-compliant US dollar (USD) funding will be contributed by the 16-member panel in the morning each business day to Thomson Reuters systems and will be published daily on Thomson Reuters terminals at 11:00am Makkah time (GMT+3).
The new benchmark can be used to price a number of Islamic financial instruments, including common overnight to short-term treasury investment and financing instruments, and other Shariah-compliant capital markets and fixed income instruments. Learn more about our Islamic Finance offering.
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