Dow Jones Indexes, a leading global index
provider, today announced that it has been named "Best Islamic Index
Provider" in the Islamic Finance News (IFN) award poll for the third
consecutive year.
The Islamic Finance News award poll is conducted annually by Malaysia-based
Islamic Finance News. In 2009, more than 2,600 votes from Islamic finance
product issuers, investors, non-banking financial intermediaries and
government bodies from around the world determined the leaders in 45
categories.
"We are honored to receive this prestigious award for the third year in a
row. It shows yet again that the strict standards, objectivity and
reliability of the Dow Jones Islamic Market Indexes are key to the Islamic
finance world. As Islamic finance grows and evolves worldwide, Dow Jones
Indexes remains committed to further foster and shape Shari'ah-compliant
indexing by providing innovative and meaningful Islamic indexes," said
Michael A. Petronella, president, Dow Jones 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 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 six years, the Dow Jones Islamic Market index series has won 19
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, Islamic Business and Finance magazine,
Islamic Finance News and Incisive Media.
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.
