Monthly report on the performance of the Dow Jones Islamic market indexes
Based on the close of trading on August 26, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, lost -1.68% month-to-date, closing at 2271.34. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -2.57%, closing at 195.70.
- The Dow Jones Islamic Market Asia/Pacific Titans 25 Index, which measures the performance of 25 of the leading Shari’ah compliant stocks in the Asia/Pacific region, decreased -6.36%, closing at 1896.45. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -7.12%, closing at 143.40.
- Measuring Europe, the Dow Jones Islamic Market Europe Titans 25 Index, which measures the performance of the 25 of the leading Shari’ah compliant stocks in Europe, closed at 2373.90, a loss of -7.14%, while the pan-European blue chip Dow Jones STOXX 50 Index lost -6.75%, closing at 3130.88.
- Measuring the performance of 50 of the largest Shari’ah compliant U.S. stocks, the Dow Jones Islamic Market U.S. Titans 50 Index increased, closing at 2288.03. It represents a gain of 1.80%. The U.S. blue-chip Dow Jones Industrial Average increased 0.31%, closing at 11412.87.
Asia: Performance of Dow Jones Islamic Market Versus Conventional Dow Jones Indexes
Dow Jones Islamic Market Indexes Conventional Dow Jones Indexes
Index Names Index Close August 2008 MTD 2008 MTD 2008 Index Close August 2008 Index Names
DJIM Asia/Pacific Index 1242.36 -7.42% -7.83% 125.44 DJ Asia/Pacific Index
DJIM China Offshore Index 2380.23 -5.62% -8.72% 3852.23 DJ China Offshore 50 Index
DJIM Hong Kong Index 1237.92 -8.53% -8.45% 370.89 DJ Hong Kong Index
DJIM India Index 1487.98 -3.04% -2.02% 1595.45 DJ Wilshire India Index
DJIM Indonesia Index 1109.10 -12.41% -10.61% 138.99 DJ Indonesia Index
DJIM Japan Index 1063.56 -5.34% -7.12% 91.90 DJ Japan Index
DJIM Malaysia Index 1224.47 -13.36% -11.39% 162.92 DJ Malaysia Index
Dow Jones-JS Pakistan Islamic Index 10221.14 -16.82% -16.91% 755.94 DJ Wilshire Pakistan Index
DJIM Philippines Index 1552.31 -0.11% -2.04% 142.00 DJ Philippines Index
DJIM Singapore Index 1086.48 -11.30% -11.35% 246.29 DJ Singapore Index
DJIM South Korea Index 655.95 -15.08% -13.18% 218.55 DJ South Korea Index
DJIM Amana Sri Lanka Index 1089.60 -1.00% -2.13% 145.79 DJ Sri Lanka Index
DJIM Taiwan Index 4035.69 -0.94% -3.32% 140.18 DJ Taiwan Index
DJIM Thailand Index 1367.84 -2.98% -3.26% 86.23 DJ Thailand Index
Middle East and GCC Regions
Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes
In August, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 4894.08. It is a loss of -10.23% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a loss of -5.11%, closing at 1759.68. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 462.26. It represents a loss of -4.55%.
The Dow Jones Islamic Market Turkey Index closed at 3823.66, a performance of -10.12% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 1132.88, a loss of -7.51%.
Measuring the performance of Shari’ah compliant stocks of five of the Gulf Cooperation Council (GCC) member states, the Dow Jones Islamic Market GCC Index closed at 2434.21, a loss of -9.77%. The conventional Dow Jones GCC Index was down -7.35%, closing at 2623.57.
Other Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index decreased -8.97%. It had a closing value of 1927.24. By comparison, the Dow Jones BRIC 50 Index closed at 573.72, a loss of -10.21%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased -0.29%, closing at 111.67.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shariah laws, decreased -3.63%, closing at 2588.67. The conventional Dow Jones Sustainability Index lost -4.42% with a closing value of 1129.11.
Global August 2008 Industries Winners and Losers
The three best performing Dow Jones Islamic Market Industry Indexes were Consumer Services, Technology, and Consumer Goods, with performances of 1.99%, 1.38% and -0.21%, respectively. The Dow Jones Islamic Market Basic Materials, Dow Jones Islamic Market Utilities and Dow Jones Islamic Industrials Indexes were the three worst performing industry indexes with performances of -10.77%, -7.19% and -5.20%, respectively.
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 70 indexes the series remains 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 (DJIM) Index. An independent Shari’ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
