LONDON, Dec. 15, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes today announced it has been named 2011's "Best Islamic Index Provider" by Islamic Finance News (IFN) – the fifth consecutive year in which the firm has captured the IFN award in recognition of its Dow Jones Islamic Market Indexes.
Dow Jones Islamic Market Indexes' latest honour – part of IFN's annual "Best Service Providers" awards -- is the fourth trophy the index family has claimed in 2011; earlier this year, Dow Jones Islamic Market Indexes was named:
- "Best Islamic Index Provider" by Islamic Business & Finance;
- "Islamic Index Provider of the Year in Asia" by Asia Asset Management; and
- "Best Shari'ah Compliant Index Provider of the Year" by Global Finance.
Since its launch in 1999, Dow Jones Islamic Market Indexes has now won 27 industry awards from various organizations, research institutions and financial publications around the world.
The Dow Jones Islamic Market Indexes were the first gauges intended to measure the global universe of investable equities that pass screens for Shari'ah compliance. With hundreds of indexes, the series is the industry's 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 Index. An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
"We are extremely proud to have our Dow Jones Islamic Market Indexes win IFN's 'Best Islamic Index Provider' for the fifth year running," said Michael A. Petronella, President, Dow Jones Indexes. "The recognition we've received for this Index family is gratifying and humbling. However, our greatest satisfaction comes from knowing our clients and the markets continue to value our efforts to improve and expand upon a series of indexes that is the industry standard in Islamic finance."
In 2011, Dow Jones Indexes, a leading global index provider, added three new Islamic market gauges: the Dow Jones Islamic Market Global Select Dividend Index, the Dow Jones Islamic Market RBP U.S. 50 Index and the Dow Jones Islamic Market Global Finance & Takaful Index.
For this year's awards, Malaysia-based IFN polled more than 650 Islamic finance institutions, issuers, investors and government bodies from around the world in an effort to determine the leading players in the Islamic finance industry. In all, IFN selected winners in 11 categories.
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About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com).
The Dow Jones Islamic Market RBP U.S. 50 Index is published pursuant to an agreement between Dow Jones Indexes and Transparent Value. "RBP" is a trademark of Transparent Value.
"Dow Jones®", "Dow Jones Indexes", "Dow Jones Islamic Market Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones Islamic Market Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in any of the Dow Jones Islamic Market Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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