April 2008 “Islamic Market’s Measure” – Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Based on the close of trading on April 22, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 5.27% month to date, closing at 2476.04. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 3.00%, closing at 222.48.

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, increased 7.87%, closing at 2197.69. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 8.62%, closing at 168.17.
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 2685.56, a gain of 5.84%, while the pan-European blue chip Dow Jones STOXX 50 Index gained 5.20%, closing at 3757.38.
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 2427.83. It represents a gain of 4.50%. The U.S. blue-chip Dow Jones Industrial Average gained 3.73%, closing at 12720.23.

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 April 2008	MTD 2008	MTD 2008	Index Close April 2008	Index Names
DJIM Asia/Pacific Index	1503.53	5.63%	4.99%	150.61	DJ Asia/Pacific Index
DJIM China Offshore Index	2764.36	11.31%	11.31%	4650.04	DJ China Offshore 50 Index
DJIM Hong Kong Index	1576.56	6.94%	6.00%	463.33	DJ Hong Kong Index
DJIM India Index	1888.10	8.36%	9.84%	2092.39	DJ Wilshire India Index
DJIM Indonesia Index	1294.43	-5.61%	-5.08%	156.27	DJ Indonesia Index
DJIM Japan Index	1206.48	3.39%	4.16%	104.68	DJ Japan Index
DJIM Malaysia Index	1712.35	7.26%	4.88%	214.03	DJ Malaysia Index
Dow Jones-JS Pakistan Islamic Index	19696.28	7.37%	0.85%	1601.18	DJ Wilshire Pakistan Index
DJIM Philippines Index	1713.45	-5.39%	-4.46%	168.97	DJ Philippines Index
DJIM Singapore Index	1393.09	4.37%	7.08%	308.94	DJ Singapore Index
DJIM South Korea Index	878.24	4.36%	4.59%	287.19	DJ South Korea Index
DJIM Amana Sri Lanka Index	1126.77	7.36%	3.76%	165.05	DJ Sri Lanka Index
DJIM Taiwan Index	5121.33	5.24%	5.91%	189.60	DJ Taiwan Index
DJIM Thailand Index	1901.17	5.34%	3.91%	119.15	DJ Thailand Index