.jpg)
Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Islamic Market Indexes. All changes will be effective after the close of trading on Friday, December 18, 2009.
In the Dow Jones Islamic Market World Index, 55 components will be added while 100 components will be deleted. That decreases the number of components in the index to 2,356 from 2,401.
With 33 additions and 52 deletions, the number of components in the Dow Jones Islamic Market Asia/Pacific Index will decrease to 1,049 from 1,068. In the Dow Jones Islamic Market Europe Index, seven components will be added, while 25 components will be deleted. That decreases the number of components in the index to 386 from 404. The number of components in the Dow Jones Islamic Market Americas Index will decrease to 782 from 783, with 13 additions and 14 deletions. In the Dow Jones Islamic Market MENA Index, one component will be added, while 13 components will be deleted. That decreases the number of components in the index to 152 from 164.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, no component will be added, while four components will be deleted. That decreases the number of components in the index to 60.
In the Dow Jones Islamic Market China Offshore Index, no component will be added, while two components will be deleted. That decreases the number of components to 20. With seven additions and two deletions, the number of components in the Dow Jones Islamic Market Hong Kong Index will increase to 90 from 85. In the Dow Jones Islamic Market India Index, one component will be added, while nine components will be deleted. That decreases the number of components in the index to 178 from 186. The number of components in the Dow Jones Islamic Market Turkey Index will remain at 27, with two companies being exchanged.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index decreased to US$11.80 trillion from US$12.04 trillion1.The total free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index decreased to US$2.25 trillion from US$2.31 trillion, while the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index decreased to US$2.53 trillion from US$2.60 trillion. As of December 7, 2009, the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index decreased to US$6.87 trillion from US$6.97 trillion and the total free-float market capitalization of the Dow Jones Islamic Market MENA Index decreased to US$100.66 billion from US$104.25 billion.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Index increased to US$465.79 billion from US$459.16 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index decreased to US$47.42 billion from US$48.33 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index decreased to US$109.27 billion from US$112.72 billion. As of December 7, 2009, the free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index decreased to US$295.99 billion from US$299.78 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index increased to US$15.37 billion from US$15.08 billion.
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. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 24-month average market capitalization; cash plus interest-bearing securities divided by trailing 24-month average market capitalization; and accounts receivables divided by trailing 24-month average market capitalization.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes.
More information on the Dow Jones Islamic Market Indexes is available on www.djindexes.com.
Company additions to and deletions from the Dow Jones Islamic Market Indexes do not in any way reflect an opinion on the investment merits of the company.
Background:
The following indexes are also part of this regular quarterly review:- Dow Jones DFM Index
- Dow Jones Islamic Market Industry Indexes
- Dow Jones Islamic Market Sustainability Index
- Other Dow Jones Islamic Market Country indexes
- Other Dow Jones Islamic Market Regional indexes
- Other Dow Jones Islamic Market Global indexes
The Dow Jones Islamic Market China/Hong Kong Titans 30 Index is reviewed annually in September.
Dow Jones Islamic Market Titans 100, Dow Jones Islamic Market U.S. Titans 50, Dow Jones Islamic Market Asia/Pacific Titans 25, Dow Jones Islamic Market Europe Titans 25 and Dow Jones Islamic Market Malaysia Titans 25 indexes are reviewed annually in June.
The Dow Jones DFM Titans 10 Index is reviewed annually in March.
1 The market capitalization values of all indexes cited in this report are as of December 7, 2009.
