Dow Jones Indexes Wins Shari’ah Award

DUBAI - Dow Jones Indexes, a leading global index provider, announced that it has been named “Best Shari’ah-Compliant Index Provider” by Global Finance magazine for the second consecutive year.

The Global Finance awards for World’s best Islamic financial institutions honour those financial institutions that make significant contributions to the growth of Islamic finance and successfully meet their clients’ needs for Shari’ah-compliant products, while creating the foundation for continued fast growth in the future.

“We are honoured to receive this award for the second year in a row, particularly as we commemorate the tenth anniversary of the Dow Jones Islamic Market Indexes this year. The Dow Jones Islamic Market Index series is one of our greatest achievements in terms of innovation, concept, design, and market acceptance. It’s been a tremendous decade for us as our Islamic indexes have gained popularity and an increasing user base,” said Michael A. Petronella, president, Dow Jones Indexes. “We are committed to continue providing meaningful, new Islamic indexes in the years to come.”

Launched in 1999, the Dow Jones Islamic Market Indexes seek to measure the global universe of investable equities that pass screens for Shari’ah compliance.

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