The award honors the significant efforts and contributions of Dow Jones Indexes to the Islamic Finance industry and was presented by Y.B. Tan Sri Nor Mohamed Yakcop, minister of finance II of Malaysia.

"This award acknowledges our leadership and dedication to provide the most comprehensive, reliable and objective family of Islamic indexes. The Dow Jones Islamic Market Indexes were the first to measure the performance of Shari'ah-compliant stocks and bonds, and have set the standard for Islamic indexing in the past decade," said Michael A. Petronella, president of Dow Jones Indexes. "Dow Jones Indexes remains committed to the further development of innovative, premier benchmarks tracking Shari'ah-compliant securities worldwide."

Launched in 1999, the Dow Jones Islamic Market Indexes seek to measure the global universe of investable equities that pass screens for Shari'ah compliance. The Dow Jones Islamic Market Indexes combine Islamic investment principles with Dow Jones Indexes' objective, transparent and rules-based methodology.

The index family includes more than 90 regional, country and industry indexes derived from the flagship Dow Jones Islamic Market World Index. In 2006 the index family expanded to include the Dow Jones Islamic Market Sustainability Index, which combines Islamic investing principles with sustainability criteria; Dow Jones Citigroup Sukuk Index, the first index to track Islamic bonds; and Dow Jones Islamic Market BRIC Equal Weighted Index, which tracks Shari'ah-compliant stocks in Brazil, Russia, India and China. Islamic indexes for the ASEAN region, Hong Kong-listed Chinese stocks, and Indian and Malaysian blue-chips were launched within the past year.

There are currently more than 75 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes. For more information on the Dow Jones Islamic Market Indexes, please visit www.djindexes.com.

-Ends-

About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com

Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.

Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720              
Frankfurt:  +49-69-29-725-290
Hong Kong: +852-800-969-336
Singapore: +65-6-4154-299

© Press Release 2008

 

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