Apr 27 2009
|more articles from|
Dow Jones Indexes named "Best Shari'ah-Compliant Index Provider"
The Global Finance awards for World's Best Islamic Financial Institutions honor those financial institutions that make significant contributions to the growth of Islamic finance and successfully meet their clients' needs for Shari'ah-compliant products, while creating the foundation for continued fast growth in the future.
"We are honored to receive this award for the second year in a row, particularly as we commemorate the tenth anniversary of the Dow Jones Islamic Market Indexes this year. The Dow Jones Islamic Market Index series is one of our greatest achievements in terms of innovation, concept, design, and market acceptance. It's been a tremendous decade for us as our Islamic indexes have gained popularity and an increasing user base," said Michael A. Petronella, president, Dow Jones Indexes.
Award winners were selected by the editors of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts worldwide. Selection criteria included objective factors such as growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products, as well as subjective feedback from Islamic finance analysts, consultants and other industry participants.
The index family includes more than 100 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 150 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.
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 that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index 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
(NASDAQ: NWS, NWSA; 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
Hong Kong: +852-800-969-336
© Press Release 2009
© Copyright Zawya. All Rights Reserved.
- UPDATE 1-Korean women scrap meeting Japanese mayor over brothel remarks
- REFILE-Elderly Korean women cancel meet with Osaka mayor over war brothel remarks
- Korean "grannies" cancel meet with Osaka mayor over war brothel remarks
- Solar plane completes second leg of cross-country flight in Texas
- College student snares record long Burmese python near Miami
- There's More