Baghdad-based Rabee Securities (RS) announced the launch of two new market indices. The move aims to expand investment perspectives and provide sector-focused insights for the Iraqi financial market. These indices give investors clear benchmarks and help manage portfolios in both banking and Sharia-compliant sectors.
The first index, RS Iraq Halal Companies Index (RSIHX), tracks the price performance of companies that operate according to Islamic principles. It includes five firms meeting RS’s eligibility criteria: Asiacell, Baghdad Soft Drinks, Iraqi Islamic Bank, Commercial Islamic Bank of Iraq, and Al-Mansour Pharmaceutical Industries. Computed since January 2022, the index allows investors to monitor Sharia-compliant companies and explore ethical investment opportunities.
The second index, RS Iraq Banking Index (RSIBX), reflects the price performance of Iraq’s five leading banks: National Bank of Iraq, Bank of Baghdad, Al-Mansour Bank, Iraqi Islamic Bank, and Commercial Islamic Bank of Iraq. It has also been computed since January 2022. RSIBX enables investors to track the banking sector’s trends, assess stability, and evaluate growth potential.
RS highlighted that both indices will help domestic and foreign investors make informed decisions. Analysts noted that Iraq’s financial market is gradually maturing. Consequently, sector-specific indices support transparency, improve liquidity, and allow better risk management.
Moreover, RS confirmed that the indices will update regularly and remain publicly accessible. This approach provides real-time insights for market participants. Furthermore, the initiative aligns with Iraq’s broader financial reforms, which aim to modernize capital markets, attract foreign investment, and support sustainable economic growth.
By introducing the RSIHX and RSIBX, Rabee Securities strengthens Iraq’s financial sector. Investors now have reliable, structured tools to navigate a growing market and seize emerging opportunities.