JEDDAH — Most S&P and Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts in Q2 and through the first half of 2018 as financials – which are largely absent from Islamic indices – lagged the market by a wide margin, the S&P Shariah Indices & the Dow Jones Islamic Market Indices Scorecard Q2 2018 results which have been released over the weekend revealed.

The report also showed that the Dow Jones Islamic Market (DJIM) World and S&P Global BMI Shariah rose 2.5% and 2.7%, respectively in Q2, outperforming the conventional S&P Global BMI by nearly 200 basis points.