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Products November 4, 2008
Dow Jones Adds 12 to Islamic Index
Dow Jones Indexes announced the addition of a dozen new countries to its Islamic Market World Index.
Reported by Nevin E. Adams
According to the index provider, Bahrain, China, Egypt, India, Jordan, Kuwait, Morocco, Oman, Qatar, Sri Lanka, Turkey, and the United Arab Emirates will be added to the Dow Jones Islamic Market World Index and all of its sub-indexes, including the Dow Jones Islamic Market World Emerging Index and Dow Jones Islamic Market Asia/Pacific Index.
The additions will become effective as of the start of trading on December 22.
The addition of the 12 new countries to the Dow Jones Islamic Market World Index increases the total number of countries in the index to 54 from 42. All of the 12 countries will be added to the Dow Jones Islamic Market World Index and its respective size, sector, and regional indexes.
Emerging Markets
The Dow Jones Islamic Market World Emerging Index currently measures the performance of 19 emerging markets: Brazil, Bulgaria, Chile, Czech Republic, Estonia, Hungary, Indonesia, Lithuania, Malaysia, Malta, Mexico, Philippines, Poland, Romania, Slovenia, South Africa, South Korea, Taiwan, and Thailand.
The addition of the 12 new countries to the Dow Jones Islamic Market World Index increases the total number of countries in the index to 54 from 42. All of the 12 countries will be added to the Dow Jones Islamic Market World Index and its respective size, sector, and regional indexes.
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, according to the firm.