Overview

The Dow Jones Islamic Market Index family includes thousands of broad-market, blue-chip, fixed-income and strategy and thematic indices that have passed rules-based screens for Shari´ah compliance. The indices are the most visible and widely-used set of Shari´ah-compliant benchmarks in the world.

To determine their eligibility for the indices, 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 indices help to reduce research costs and compliance concerns Muslim investors would otherwise face in constructing Islamic investment portfolios.

Global and Regional Indices

Following are some of the more-commonly referenced global and regional indices 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 Indices

The Dow Jones Islamic Market Index family includes 70 country indices for the following markets.

Country Indices:
Argentina* Egypt Jordan Oman South Korea
Australia Estonia Kuwait Pakistan* Spain
Austria Finland Lebanon* Peru* Sri Lanka
Bahrain France Lithuania Philippines Sweden
Belgium Germany Luxembourg Poland Switzerland
Brazil Greece Malaysia Portugal Taiwan
Bulgaria Hong Kong Malta Qatar Thailand
Canada Hungary Mauritius* Romania Tunisia*
Chile Iceland* Mexico Russia Turkey
China India Morocco Saudi Arabia* UAE
Colombia* Indonesia Netherlands Singapore Ukraine*
Croatia* Ireland New Zealand Serbia* United Kingdom
Czech Republic Italy Nigeria* Slovenia United States
Denmark Japan Norway South Africa Vietnam*

* This country is not covered by the Dow Jones Islamic Market World Index.

Size-Segment Indices

Large-cap, mid-cap and small-cap indices 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 Indices

The family includes a comprehensive of series of global sector indices, as well as sector indices for each country and region.

The sectors are defined based on a proprietary classification system, which includes 10 broad Industries, 19 Supersectors, 41 Sectors, and at the most granular level, 114 Subsectors. More information on the proprietary sector classification system, including the complete sector definitions, can be found at www.djindexes.com/sectorclassification.

The following blue-chip indices 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 Sukuk Index: Tracks the performance of global Islamic fixed-income securities—also known as sukuk. Its screens for Shari´ah compliance are consistent with those of the Dow Jones Islamic Market (DJIM) Indices.

The following indices measure the performance of specific investment strategies or themes.

  • Dow Jones Islamic Market BRC Index: Measures the stock performance of companies in the Brazil, Russia and offshore China markets that pass rules-based screens for Shari´ah compliance.
  • 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 Indices 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 Indices page to learn more.
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