.jpg)
Dow Jones Indexes today announced it has been named 2011’s “Best Islamic Index Provider” by Islamic Finance News (IFN) – the fifth consecutive year in which the firm has captured the IFN award in recognition of its Dow Jones Islamic Market Indexes.
Dow Jones Islamic Market Indexes’ latest honour – part of IFN’s annual “Best Service Providers” awards -- is the fourth trophy the index family has claimed in 2011; earlier this year, Dow Jones Islamic Market Indexes was named:
• “Best Islamic Index Provider” by Islamic Business & Finance;
• “Islamic Index Provider of the Year in Asia” by Asia Asset Management; and
• “Best Shari’ah Compliant Index Provider of the Year” by Global Finance.
Since its launch in 1999, Dow Jones Islamic Market Indexes has now won 27 industry awards from various organizations, research institutions and financial publications around the world.
The Dow Jones Islamic Market Indexes were the first gauges intended to measure the global universe of investable equities that pass screens for Shari’ah compliance. With hundreds of indexes, the series is the industry’s 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.
“We are extremely proud to have our Dow Jones Islamic Market Indexes win IFN’s ‘Best Islamic Index Provider’ for the fifth year running,” said Michael A. Petronella, President, Dow Jones Indexes. “The recognition we’ve received for this Index family is gratifying and humbling. However, our greatest satisfaction comes from knowing our clients and the markets continue to value our efforts to improve and expand upon a series of indexes that is the industry standard in Islamic finance.”
In 2011, Dow Jones Indexes, a leading global index provider, added three new Islamic market gauges: the Dow Jones Islamic Market Global Select Dividend Index, the Dow Jones Islamic Market RBP U.S. 50 Index and the Dow Jones Islamic Market Global Finance & Takaful Index.
For this year’s awards, Malaysia-based IFN polled more than 650 Islamic finance institutions, issuers, investors and government bodies from around the world in an effort to determine the leading players in the Islamic finance industry. In all, IFN selected winners in 11 categories.
