Dow Jones Indexes, a leading global index provider, today announced it was named “Best Islamic Index Provider” at the fifth annual Islamic Business & Finance Awards.
Nearly 300 distinguished regional and global industry professionals attended the monthly magazine’s ceremony in Dubai, one of the Gulf region’s most prominent financial industry events.
“We are thrilled to receive this prestigious award for the second time,” said Michael A. Petronella, president, Dow Jones Indexes. “I believe this honor reflects Dow Jones Islamic Market Indexes’ commitment to providing the strict standards, objectivity and reliability that market participants value. As Islamic finance grows and evolves worldwide, Dow Jones Indexes will continue to be a leader in Shari’ah-compliant indexing by providing innovative and meaningful Islamic indexes.”
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 thousands of 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.
Over the past eight years, the Dow Jones Islamic Market Index series has won 23 industry awards by organizations, research institutions and magazines around the world; in addition to Islamic Business and Finance magazine, Dow Jones Indexes has also been recognized by the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, the Islamic Center of Southern California, Global Finance magazine, Islamic Finance News and Incisive Media.
More than 125 licensees with roughly US$5 billion in assets are currently benchmarked to the Dow Jones Islamic Market Indexes. For further information on Dow Jones Islamic Market Indexes, please visit www.djindexes.com.