February 2009 “Islamic Market’s Measure” – Preliminary Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Based on the close of trading on February 24, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, lost -5.80% month-to-date, closing at 1524.16. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -7.24%, closing at 119.73.

• 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, decreased -8.71%, closing at 1184.06. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -10.07%, closing at 85.16.
• 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 1441.83, a loss of -7.48%, while the pan-European blue chip Dow Jones STOXX 50 Index lost -10.89%, closing at 1691.62.
• Measuring the performance of 50 of the largest Shari’ah compliant U.S. stocks, the Dow Jones Islamic Market U.S. Titans 50 Index decreased, closing at 1618.68. It represents a loss of -4.65%. The U.S. blue-chip Dow Jones Industrial Average decreased -8.12%, closing at 7350.94.

Asia: Performance of Dow Jones Islamic Market Versus Conventional Dow Jones Indexes

Middle East and GCC Regions Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes

In February, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 1908.93. It is a gain of 4.47% month-to-date.

The Dow Jones Islamic Market Kuwait Index posted a loss of -12.12%, closing at 653.61. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 172.67. It represents a loss of -10.01%.

The Dow Jones Islamic Market Turkey Index closed at 1795.54, a performance of -4.58% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 481.13, a loss of -9.29%.

Measuring the performance of Shari’ah compliant stocks of five of the Gulf Cooperation Council (GCC) member states, the Dow Jones Islamic Market GCC Index closed at 940.07, a loss of -4.43%. The conventional Dow Jones GCC Index was down -6.74%, closing at 1024.97.

Other Markets and Asset Classes

The Dow Jones Islamic Market BRIC Equal Weighted Index decreased -3.08%. It had a closing value of 896.76. By comparison, the Dow Jones BRIC 50 Index closed at 289.02, a loss of -3.50%.

The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased 3.65%, closing at 87.47.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, decreased -7.00%, closing at 1580.15. The conventional Dow Jones Sustainability Index lost -9.37% with a closing value of 626.81.

Global February 2009 Industries Winners and Losers

The three best performing Dow Jones Islamic Market Industry Indexes were Consumer Services, Health Care, and Technology, with performances of -2.45%, -4.36% and -4.56%, respectively. The Dow Jones Islamic Market Utilities, Dow Jones Islamic Market Industrials and Dow Jones Islamic Oil & Gas indexes were the three worst performing industry indexes with performances of -10.32%, -7.96% and -7.46%, respectively.