December 2010 “Islamic Market’s Measure” Preliminary Report - Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Based on the close of trading on December 21, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 6.74% month-to-date, closing at 2230.89. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 6.78%, closing at 176.02.

• 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 7.02%, closing at 15.69. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 6.25%, closing at 143.05.
• 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 2163.73, a gain of 8.72%, while the conventional Dow Jones Europe Index gained 8.38%, closing at 269.33.
• 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 2259.48. It represents a gain of 5.92%. The U.S. blue-chip Dow Jones Industrial Average increased 4.79%, closing at 11533.16.

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

Dow Jones Islamic Market Indexes			Conventional Dow Jones Indexes
Index Names	Index Close December, 21, 2010	MTD 2010	MTD 2010	Index Close December, 21, 2010	Index Names
DJIM Asia/Pacific Index	1503.44	5.34 %	4.74%	139.26	DJ Asia/Pacific Index
DJIM China Offshore Index	3254.34	-0.01%	-0.42%	4240.32	DJ China Offshore 50 Index
DJIM Hong Kong Index	1577.02	-3.47%	-0.40%	477.47	DJ Hong Kong Index
DJIM India Index	2036.04	4.23%	2.59%	2078.36	DJ India Total Stock Market Index
DJIM Indonesia Index	1506.38	3.11%	2.65%	207.24	DJ Indonesia Index
DJIM Japan Index	1122.85	5.23%	5.30%	89.61	DJ Japan Index
DJIM Malaysia Index	1624.75	2.39%	3.39%	247.65	DJ Malaysia Index
DJIM Pakistan Index	13597.18	6.04%	4.72%	649.09	DJ Pakistan Total Stock Market Index
DJIM Philippines Index	1711.94	5.09%	3.05%	249.25	DJ Philippines Index
DJIM Singapore Index	1254.39	1.31%	0.86%	313.76	DJ Singapore Index
DJIM South Korea Index	959.31	8.19%	7.79%	287.17	DJ South Korea Index
DJIM Sri Lanka Index	2206.86	2.53 %	-0.86%	2802.79	DJ Sri Lanka Total Stock Market Index
DJIM Taiwan Index	5138.85	8.01%	7.55%	181.89	DJ Taiwan Index
DJIM Thailand Index	1874.22	0.30%	1.03%	148.86	DJ Thailand Index

Middle East and GCC Regions

Dow Jones Islamic Market Indexes versus Conventional Dow Jones Indexes

In December, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 2157.28. It is a loss of 1.57% month-to-date.

The Dow Jones Islamic Market Kuwait Index posted a gain of 0.11%, closing at 998.94. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up 2.57%, closing at 250.58.

The Dow Jones Islamic Market Turkey Index closed at, 3734.24, a performance loss of 0.57%, month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1392.34 a loss of 3.43%.

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 1369.20, a gain of 1.69%. The conventional Dow Jones GCC Index was up 2.36%, closing at 1526.78.

Other Markets and Asset Classes

In December, the Dow Jones Islamic Market BRIC Equal Weighted Index increased 5.27%. It had a closing value of 2192.96. By comparison, the Dow Jones BRIC 50 Index closed at 640.27, a gain of 3.02% month-to-date.

The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased 0.68%, closing at 125.32.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 6.28%, closing at 2458.77. The conventional Dow Jones Sustainability Index gained 6.61% with a closing value of 1044.55.

Global December 2010 Industries Winners and Losers

The three best performing Dow Jones Islamic Market Industry Indexes were the Dow Jones Islamic Market Basic Materials Index, the Dow Jones Islamic Market Oil & Gas Index, and the Dow Jones Islamic Market Industrials index with performances of 8.35%, 8.00% and 7.48%, respectively. The Dow Jones Islamic Market Consumer Services Index, the Dow Jones Islamic Market Telecommunications Index and the Dow Jones Islamic Market Financials index were the three worst performing industry indexes with performances of 3.61%, 2.52% and 0.46%, respectively.

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 Dow Jones Indexes on matters related to the compliance of index-eligible companies.

More information regarding the methodology used to calculate the Dow Jones indexes mentioned in this report is available on www.djindexes.com