June 2008 “Islamic Market’s Measure” – Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Based on the close of trading on June 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 -5.05% month-to-date, closing at 2398.74. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -6.64%, closing at 205.77.

• 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 -4.83%, closing at 2182.86. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -5.90%, closing at 162.92.
• 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 2595.70, a loss of -5.72%, while the pan-European blue chip Dow Jones STOXX 50 Index lost -7.74%, closing at 3407.94.
• 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 2343.27. It represents a loss of -4.76%. The U.S. blue-chip Dow Jones Industrial Average decreased -6.57%, closing at 11807.43.

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

Middle East: Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes

In June, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 5563.14. It is a loss of -0.13% month-to-date.

The Dow Jones Islamic Market Kuwait Index posted a gain of 3.05%, closing at 1959.27. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 505.23. It represents a gain of 3.50%.

The Dow Jones Islamic Market Turkey Index closed at 3793.58, a performance of -2.46% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 1014.21, a loss of -7.83%.

Other Markets and Asset Classes

The Dow Jones Islamic Market BRIC Equal Weighted Index decreased -11.94%. It had a closing value of 2266.91. By comparison, the Dow Jones BRIC 50 Index closed at 666.71, a loss of -11.39%.

The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 0.25%, closing at 112.20.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shariah laws, decreased -4.40%, closing at 2758.19. The conventional Dow Jones Sustainability Index lost -7.25% with a closing value of 1215.05.

Global June 2008 Industries Winners and Losers

The three best performing Dow Jones Islamic Market Industry Indexes were Basic Materials, Oil & Gas, and Health Care, with performances of -1.42%, -1.85% and -3.69% respectively. The Dow Jones Islamic Market Telecommunications, Dow Jones Islamic Market Financials and Dow Jones Islamic Consumer Goods Indexes were the three worst performing industry indexes with performances of -10.63%, -8.56% and -7.64% 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 70 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