The Dow Jones Islamic Market Titans 100 Index finished May down 8.04%, according to data compiled by Dow Jones Indexes. The index measures the performance of 100 of the world’s leading Shari’ah-compliant stocks.
The Dow Jones Global Titans 50 Index, which measures the world’s 50 largest companies, posted a May loss of 7.76%.
Regionally, 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 10.92% in May; the Dow Jones Asian Titans 50 Index dropped 10.95%.
In Europe, the Dow Jones Islamic Market Europe Titans 25 Index, which measures the performance of the 25 the leading Shari’ah-compliant stocks in Europe, dropped 12.43% in May; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, declined 12.90%.
In the U.S., the Dow Jones Islamic Market U.S. Titans 50 Index, which measures 50 of the largest Shari’ah-compliant U.S. stocks, decreased 6.08% in May; the U.S. blue-chip Dow Jones Industrial Average decreased by 6.21%.
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Asia: Performance of Dow Jones Islamic Market versus Conventional Dow Jones Indexes |
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Dow Jones Islamic Market Indexes |
Conventional Dow Jones Indexes |
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Index Name |
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Index Name |
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Index Close May 31, 2012
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May 2012 (%) Performance |
May 2012 (%) Performance |
Index Close May 31, 2012
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DJIM Asia/Pacific Index |
1263.36 |
-10.27% |
-9.93% |
116.65 |
DJ Asia/Pacific Index |
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DJIM China Offshore Index |
2672.69 |
-14.25% |
-11.74% |
3503.07 |
DJ China Offshore 50 Index |
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DJIM Hong Kong Index |
1246.04 |
-11.31% |
-10.63% |
377.35 |
DJ Hong Kong Index |
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DJIM India Index |
1320.01 |
-9.90% |
-11.96% |
1336.34 |
DJ India Total Stock Market Index |
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DJIM Indonesia Index |
1329.92 |
-11.18% |
-12.16% |
200.40 |
DJ Indonesia Index |
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DJIM Japan Index |
1001.22 |
-8.36% |
-8.76% |
76.13 |
DJ Japan Index |
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DJIM Malaysia Index |
1760.20 |
-5.22% |
-5.06% |
254.36 |
DJ Malaysia Index |
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DJIM Pakistan Islamic Index |
15835.40 |
-3.68% |
-4.77% |
630.91 |
DJ Pakistan Total Stock Market Index |
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DJIM Philippines Index |
1871.42 |
-12.29% |
-5.30% |
313.66 |
DJ Philippines Index |
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DJIM Singapore Index |
1170.68 |
-9.03% |
-9.89% |
282.19 |
DJ Singapore Index |
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DJIM South Korea Index |
957.68 |
-11.90% |
-10.86% |
257.73 |
DJ South Korea Index |
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DJIM Sri Lanka Index |
1227.40 |
-15.83% |
-11.40% |
1720.35 |
DJ Sri Lanka Total Stock Market Index |
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DJIM Taiwan Index |
4449.59 |
-4.63% |
-4.63% |
150.15 |
DJ Taiwan Index |
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DJIM Thailand Index |
2125.62 |
-11.52% |
-10.91% |
159.66 |
DJ Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes versus conventional Dow Jones Indexes
The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market dropped 8.87% in May. The Dow Jones Islamic Market Kuwait Index closed May down 5.60%.
The Dow Jones Islamic Market Turkey Index closed May down 13.40%, while the Dow Jones Turkey Total Stock Market Index loss 13.66%.
The Dow Jones Islamic Market GCC Index, which measures the performance of Shari’ah-compliant stocks for five of the Gulf Cooperation Council (GCC) member states, lose 3.67% in May; the conventional Dow Jones GCC Index finished down 3.90%.
Other Markets and Asset Classes
In May, the Dow Jones Islamic Market BRIC Equal Weighted Index decreased 15.46% while, the Dow Jones BRIC 50 Index dropped 14.74%.
The Dow Jones Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, dropped 0.14% in May.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, dropped 10.79% in May while the conventional Dow Jones Sustainability Index loss 11.09%.
May Industries Winners and Losers
All DJIM Industry Indexes closed down for the month of May. The three best-performing Dow Jones Islamic Market Industry Indexes were Financials, Consumer Services and Health Care, down 4.27%, 5.03% and 5.36%, respectively. The Dow Jones Islamic Market Telecommunications, Dow Jones Islamic Market Oil & Gas and Dow Jones Islamic Market Basic Materials indexes were the three bottom-performing industry indexes, down 9.43%, 13.15% and 13.55%, respectively.
