"We are honored to receive this prestigious award for the fourth year in a row. The Dow Jones Islamic Market index series is one of our finest achievements in terms of innovation, design and market acceptance,said Michael A. Petronella, president, Dow Jones Indexes. "As Islamic finance grows and evolves worldwide, we are committed to continue providing meaningful, new Islamic indexes."
Launched in 1999, the Dow Jones Islamic Market Indexes were the first indexes intended to measure the global universe of investable equities that pass screens for Shari'ah compliance. With more than 100 indexes, the series is the 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.
In the past 6 years, the Dow Jones Islamic Market index series has won 21 industry awards by organizations, research institutions and magazines around the world; amongst them are the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, the Islamic Center of Southern California, Global Finance Magazine, Islamic Business & Finance Magazine and Incisive Media. There are currently more than 150 licensees with more than US$7 billion in assets in the Dow Jones market.
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