December 16, 2009 – Dow Jones Indexes, a leading global index
provider, today announced that it has been named “Best Index Provider
Shari’ah compliant Indexes” by Dubai-based Islamic Business & Finance
magazine.
The Islamic Business & Finance awards are designed to inspire and reward
excellence in Islamic business and finance globally.
"2009 marks the tenth anniversary of the Dow Jones Islamic Market Indexes
and we proudly look back on a remarkable decade of leading-edge index
innovation and excellence. Market participants globally have chosen our
superior and unique Islamic indexes to be the standard for Shari’ah
compliant indexing. We are honored to conclude this commemorative year with
this prestigious award. We remain committed to provide meaningful, new
Islamic indexes in the years to come,” said Michael A. Petronella,
president, Dow Jones Indexes.
Award winners are based on votes of readers of Islamic Business & Finance
via its website www.cpifinancial.net. The published short list of nominees
is initially created by an independent board of advisors based on
achievements over the last year of business.
The Dow Jones Islamic Market Indexes were introduced in 1999 as the first
indexes intended to measure the global universe of investable equities that
pass screens for Shari’ah compliance. With more than 100 indexes, the series
is the most comprehensive family of Islamic market measures and includes
regional, country, and industry indexes, all of which are subsets of the Dow
Jones Islamic Market Index. An independent Shari’ah Supervisory Board
counsels Dow Jones Indexes on matters related to the compliance of
index-eligible companies.
In the past 6 years, the Dow Jones Islamic Market index series has won
industry awards by organizations, research institutions and magazines around
the world; amongst them are the International Islamic Finance Forum, the
Kuala Lumpur Islamic Finance Forum, the Islamic Center of Southern
California, Global Finance magazine, Incisive Media and Islamic Finance
News.
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 and MarketWatch. 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.
Contact:
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