The Dow Jones Islamic Market Titans 100 Index finished July up 2.50%, according to data compiled by S&P Dow Jones Indices. 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 July gain of 2.22%.
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, increased 2.37% in July; the Dow Jones Asian Titans 50 Index increased 2.67%.
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, rose 2.74% in July; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, increased 0.64%.
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, increased 2.44% in July; the U.S. blue-chip Dow Jones Industrial Average increased by 1.00%.
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Asia: Performance of Dow Jones Islamic Market versus Conventional S&P Dow Jones Indices |
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Dow Jones Islamic Market Indexes |
Conventional S&P Dow Jones Indices |
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Index Name |
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Index Name |
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Index Close July 31, 2012
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July 2012 Performance |
July 2012 Performance |
Index Close July 31, 2012
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DJIM Asia/Pacific Index |
1313.37 |
1.37% |
0.86% |
122.24 |
DJ Asia/Pacific Index |
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DJIM China Offshore Index |
2565.71 |
-2.51% |
1.43% |
3561.97 |
DJ China Offshore 50 Index |
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DJIM Hong Kong Index |
1321.50 |
4.29% |
3.43% |
401.86 |
DJ Hong Kong Index |
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DJIM India Index |
1383.11 |
-1.16% |
-0.71% |
1414.94 |
DJ India Total Stock Market Index |
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DJIM Indonesia Index |
1433.81 |
5.71% |
4.19% |
215.00 |
DJ Indonesia Index |
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DJIM Japan Index |
1017.98 |
-1.54% |
-2.26% |
78.04 |
DJ Japan Index |
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DJIM Malaysia Index |
1873.37 |
4.18% |
3.62% |
267.16 |
DJ Malaysia Index |
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DJIM Pakistan Islamic Index |
16419.52 |
5.69% |
6.12% |
657.98 |
DJ Pakistan Total Stock Market Index |
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DJIM Philippines Index |
2104.46 |
2.52% |
2.06% |
340.12 |
DJ Philippines Index |
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DJIM Singapore Index |
1329.43 |
7.76% |
7.11% |
318.10 |
DJ Singapore Index |
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DJIM South Korea Index |
1038.11 |
5.49% |
2.82% |
274.05 |
DJ South Korea Index |
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DJIM Sri Lanka Index |
1278.83 |
1.06% |
0.32% |
1725.73 |
DJ Sri Lanka Total Stock Market Index |
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DJIM Taiwan Index |
4340.34 |
-1.36% |
-0.97% |
148.03 |
DJ Taiwan Index |
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DJIM Thailand Index |
2275.13 |
2.79% |
3.14% |
169.45 |
DJ Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes versus conventional S&P Dow Jones Indices
The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, gained 7.94% in July.
The Dow Jones Islamic Market Kuwait Index closed down 3.24%.
The Dow Jones Islamic Market Turkey Index advanced 3.97%, while the Dow Jones Turkey Total Stock Market Index closed up 3.80% in July
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, loss 1.18% in July; the conventional Dow Jones GCC Index finished down 0.25%.
Other Markets and Asset Classes
In July, the Dow Jones Islamic Market BRIC Equal Weighted Index dropped 1.27% while, the Dow Jones BRIC 50 Index rose 2.00%.
The Dow Jones Sukuk Price Return Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.81% in July.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, rose 2.13% in July while the conventional Dow Jones Sustainability Index gained 0.94%.
July Industries Winners and Losers
In July, the top three performing Dow Jones Islamic Market Industry Indexes were Telecommunications, Financials and Oil & Gas up 4.69%, 4.06% and 3.01%, respectively.
The bottom three performing Dow Jones Islamic Market Industry Indexes were Industrials, up 0.97%, Technology, up 0.57% and Basic Materials down 0.06%
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 remains 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 (DJIM) Index. An independent Shari’ah Supervisory Board counsels S&P Dow Jones Indices on matters related to the compliance of index-eligible companies.
More information regarding the methodology used to calculate the S&P Dow Jones Indices mentioned in this report is available on www.djindexes.com.
