Dow Jones Islamic Market (DJIM) Indexes

The Dow Jones Islamic Market World (DJIM World^SM) Index was the first—and remains the premier—benchmark of investment performance for the global universe of Shari'ah-compliant equities. Since the launch of this global index in 1999, the Dow Jones Islamic Market Index family has expanded to provide a wide variety benchmarks tracking Shari'ah-compliant securities including indexes for specific countries, regions, industries and market capitalization ranges.

Effective July 27, 2009, the selection universe for the DJIM Indexes includes the components of more than 65 country-level benchmark indexes. To determine their eligibility for the DJIM indexes, the stocks are screened to ensure that each meets the standards set out in the published methodology. A company must meet Shari'ah requirements for acceptable products, business activities, debt levels, and interest income and expenses. The methodology is approved by the independent DJIM Index Shari'ah Supervisory Board.

The DJIM family provides performance benchmarks for securities in both developed markets and emerging markets. In addition, by screening investments for compliance with Shari'ah law, the indexes help to reduce research costs and compliance concerns Muslim investors would otherwise face in constructing Islamic investment portfolios.

Dow Jones Islamic Market Index Shari'ah Supervisory Board

The DJIM Index Shari'ah Supervisory Board (Shari'ah Board) was established to advise Dow Jones Indexes on the methodology for screening securities for inclusion in the Dow Jones Islamic Market Indexes and related matters relating to the Shari'ah compliance of the indexes' eligible components. The independent Shari'ah Board consists of five eminent Shari'ah scholars from around the world. The geographic diversity of the scholars ensures that diverse interpretations of Shari'ah law are represented.

Members of the DJIM Index Shari'ah Supervisory Board are :

Name	Country
Shaykh Abdul Sattar Abu Ghuddah Dr. Abu Ghuddah is a senior Shari'ah Advisor to Albaraka Investment Co. of Saudi Arabia. He holds a PhD in Islamic Law. Dr. Abu Ghuddah has published many books on Islamic Financial transactions. He was an advisor for Islamic Law Encyclopeadia (Kuwait Awqaf Ministry). Dr. Abu Ghuddah is a member and chairman of seeral reputed Islamic Shari'ah Boards.	Syria
Shaykh Nizam Yaquby Mr. Yaquby is a member of the Islamic supervisory boards for several Islamic institutions, including the Arab Islamic Bank and the Abu Dhabi Islamic Bank. His work has appeared in the following publications: Risalah Fi al–Tawbah, Qurrat al–'Ainayn fi Fada il Birr al–Walidayn, Irshad al–'Uqala'ila Hukun al–Qira'h min al–Mushaf fi al–Salah, Tahqia al–Amal fi Ikhraj Zakat al–Fitr bi al–Mal.	Bahrain
Shaykh Dr. Mohamed A. Elgari Dr. Elgari is an associate professor of Islamic Economics and the director of the Center for Research in Islamic Economics at King Abdulaziz University in Saudi Arabia. He is an expert at the Islamic Jurisprudence Academy (OIC), Economics. He is also an advisor to several Islamic financial instituitons worldwide and the author of many books on Islamic banking.	Saudi Arabia
Shaykh Yusuf Talal DeLorenzo Mr. DeLorenzo is considered a leading Islamic scholar in the United States. He has translated over twenty books from Arabic, Persian, and Urdu for publication in English and has been commissioned to prepare a new translation of the Qur'an. Mr. DeLorenzo compiled the first English translation of legal rulings issued by Shari'ah supervisory boards on the operations of Islamic banks. since 1989, Mr. DeLorenzo has served as secretary of the Figh Council of North America. He is also a Shari'ah consultant to several Islamic financial institutions and was an advisor on Islamic education to the government of Pakistan.	United States
Shaykh Dr. Mohd Daud Bakar Dr. Bakar is currently a member of the Shari'ah Advisory Council of many financial institutions in Malaysia and around the world, including the Central Bank of Malaysia, Securities Commission of Malaysia, International Islamic Financial Market in Bahrain, Accounting and Auditing Organization for Islamic Financial Institutions in Bahrain and HSBC (Malaysia).	Malaysia

Dow Jones Citigroup^® Sukuk Index

The Dow Jones Citigroup Sukuk Index tracks the global performance of investment-grade, U.S. dollar-denominated, Shari'ah-compliant fixed-income securities. The independent Shari'ah Board screens Islamic bond issues on an individual basis to determine whether they are appropriate for inclusion in the index.

Only fixed-income securities that pass three sets of screens for compliance with Islamic investment guidelines are eligible for the Dow Jones Citigroup® Sukuk index. Bonds must be certified as Sukuk by a globally recognized Shari'ah Board and also must comply with Auditing and Accounting Organization of Islamic Financial Institutions (AAOIFI) standards for eligible asset classes. Additionally, the underlying assets must comply with Shari'ah principles.

Dow Jones Islamic Market (DJIM) Indexes

Dow Jones Islamic Market Index Shari'ah Supervisory Board

Dow Jones Citigroup® Sukuk Index

Dow Jones Citigroup^® Sukuk Index