Overview
The Dow Jones Islamic Market Index℠ family includes thousands of broad-market, blue-chip, fixed-income and strategy and thematic indexes that have passed rules-based screens for Shari´ah compliance. The indexes are the most visible and widely-used set of Shari´ah-compliant benchmarks in the world.
To determine their eligibility for the indexes, stocks are screened to ensure that they meet the standards set out in the published methodology. Companies must meet Shari´ah requirements for acceptable products, business activities, debt levels, and interest income and expenses. The screening methodology is subject to input from an independent Shari´ah supervisory board. By screening stocks for consistency with Shari´ah law, the indexes help to reduce research costs and compliance concerns Muslim investors would otherwise face in constructing Islamic investment portfolios.
Global and Regional Indexes
Following are some of the more-commonly referenced global and regional indexes within the Dow Jones Islamic Market Index℠ family:
- Dow Jones Islamic Market Asia/Pacific Index℠
- Dow Jones Islamic Market ASEAN Index℠
- Dow Jones Islamic Market Developed Markets Index℠
- Dow Jones Islamic Market Emerging Markets Index℠
- Dow Jones Islamic Market Europe Index℠
- Dow Jones Islamic Market GCC Index℠
- Dow Jones Islamic Market Global ex-U.S. Index℠
- Dow Jones Islamic Market Greater China Index℠
- Dow Jones Islamic Market MENA Index℠
- Dow Jones Islamic Market World Index℠
Country Indexes
The Dow Jones Islamic Market Index℠ family includes 69 country indexes for the following markets.
| Country Indexes: | ||||
| Argentina* | India | Portugal | ||
| Australia | Indonesia | Qatar | ||
| Austria | Ireland | Romania | ||
| Bahrain | Italy | Russia | ||
| Belgium | Japan | Saudi Arabia* | ||
| Brazil | Jordan | Singapore | ||
| Bulgaria | Kuwait | Serbia* | ||
| Canada | Lebanon* | Slovenia | ||
| Chile | Lithuania | South Africa | ||
| China | Malaysia | South Korea | ||
| Colombia* | Malta | Spain | ||
| Croatia* | Mauritius* | Sri Lanka | ||
| Czech Republic | Mexico | Sweden | ||
| Denmark | Morocco | Switzerland | ||
| Egypt | Netherlands | Taiwan | ||
| Estonia | New Zealand | Thailand | ||
| Finland | Nigeria* | Tunisia* | ||
| France | Norway | Turkey | ||
| Germany | Oman | UAE | ||
| Greece | Pakistan* | Ukraine* | ||
| Hong Kong | Peru* | United Kingdom | ||
| Hungary | Philippines | United States | ||
| Iceland* | Poland | Vietnam* | ||
* This country is not covered by the Dow Jones Islamic Market World Index℠.
Size-Segment Indexes
Large-cap, mid-cap and small-cap indexes are available at the global level, and for each country and region. The top 70% of stocks by float-adjusted market capitalization are included in the large-cap index, the next 20% make up the mid-cap index, and the next 5% are included in the small-cap index.
Sector Indexes
The family includes a comprehensive of series of global sector indexes, as well as sector indexes for each country and region.
The sectors are defined based on the proprietary classification system used by Dow Jones Indexes which includes 10 broad Industries, 19 Supersectors, 41 Sectors, and at the most granular level, 114 Subsectors. More information on Dow Jones Indexes´ proprietary classification system, including the complete sector definitions, can be found at www.djindexes.com/sectorclassification.
The following blue-chip indexes measure the performance of the largest stocks within a country or region.
- Dow Jones Islamic Market Titans 100 Index℠: Covers the U.S., Europe and the Asia/Pacific region.
- Dow Jones Islamic Market Asia/Pacific Titans 25 Index℠
- Dow Jones Islamic Market Europe Titans 25 Index℠
- Dow Jones Islamic Market U.S. Titans 50 Index℠
- Dow Jones Islamic Market CHIME 100 Index℠
- Dow Jones Islamic Market China/Hong Kong Titans 30 Index℠: Covers companies whose primary operations are in mainland China and Hong Kong and trade on HKEx.
- Dow Jones Islamic Market International Titans 100 Index℠: Represents ex-U.S. companies.
- Dow Jones Islamic Market Malaysia Titans 25 Index℠
Dow Jones Indexes currently maintains the following indexes for sukuk, or Shari´ah-compliant fixed-income securities. Their screens for Shari´ah compliance are consistent with those of the Dow Jones Islamic Market Indexes℠.
- Dow Jones Citigroup® Sukuk Index: Tracks the global performance of investment-grade, U.S. dollar-denominated, Shari´ah-compliant fixed-income securities. Offered by Dow Jones Indexes and Citigroup Index LLC.
The following indexes measure the performance of specific investment strategies or themes.
- Dow Jones Islamic Market BRIC Equal Weighted Index℠: An equal-weighted index covering Brazil, Russia, India and offshore China.
- Dow Jones Islamic Market Global Finance & Takaful Index℠: Measures the stock performance of financial services stocks that pass rules-based screens for Shari´ah compliance. Insurance stocks that pass such screens are known as Takaful.
- Dow Jones Islamic Market Global Finance & Takaful ex-Saudi Index℠: Measures the stock performance of financial services stocks that pass rules-based screens for Shari´ah compliance. Insurance stocks that pass such screens are known as Takaful. Excludes stocks that trade in Saudi Arabia.
- Dow Jones Islamic Market Global Select Dividend Index℠: Covers leading dividend-paying companies in developed countries worldwide that pass rules-based screens for Shari´ah compliance. Visit the Dow Jones Dividend Indexes℠ page to learn more.
- Dow Jones Islamic Market Sustainability Index℠: Tracks stocks traded globally that in addition to passing Shari´ah screens, are determined to be leaders in sustainable business practices based on a best-in-class model.
- Dow Jones Islamic Market RBP U.S. 50 Index℠: Measures 50 U.S. large-cap stocks ranked highest by RBP® probability that pass rules-based screens for Shari´ah compliance. Visit the Dow Jones RBP Indexes℠ page to learn more.
