Tag Archives: Islamic indices

Most Major Islamic Indices Lag Conventional Benchmarks in 2016 as Strong Q4 Financials Sector Gains Detract From Performance

Most of S&P Dow Jones Indices’ Shariah-compliant benchmarks lagged their conventional counterparts for the year, as the financials sector—which is largely absent from Islamic indices—outperformed, and health care—which tends to be overweight in Islamic Indices—was the worst-performing sector globally. The S&P Global BMI Shariah and Dow Jones Islamic Market World finished the year up 4.2% Read more […]

Most Major Islamic Indices Have Outperformed Conventional Benchmarks in 2016

Most S&P Dow Jones Indices Shariah-compliant benchmarks outperformed their conventional counterparts through the end of September 2016, with financials—which is largely absent from Islamic indices—significantly underperforming and information technology—which tends to be overweight in Islamic indices—performing well (see Exhibit 1). The S&P Global BMI Shariah and Dow Jones Islamic Market World Index each gained 6.4% Read more […]

Islamic Index Market Update: August 2015

August Highlights:  Most Major Islamic Indices Closely Track Conventional Benchmarks in 2015 Emerging Markets Plunge Over China Growth Concerns, Weak Commodity Prices and Prospects for Fed Tightening MENA Equities Drop Sharply as Oil Falls Most Shariah-compliant benchmark have performed similarly to their conventional counterparts in 2015 as Financials have generated returns roughly in-line with the Read more […]

Islamic Index Market Update: August 2014

Islamic Indices Outperforming Conventional Benchmarks in 2014 Shariah-compliant benchmarks have outperformed conventional indices in 2014 as Financials – which are underrepresented in Islamic indices – have experienced some weakness, and Information Technology, Health Care and Energy – which tend to be overweight in Islamic Indices – have been sector leaders. Through August 27, 2014, the Read more […]