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 |
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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 |