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Tag Archives: Dow Jones Islamic Indices

Jan 26, 2024

S&P DJI’s Global Islamic Equity Benchmarks Surged Nearly 12% in the Final Quarter, Outperforming Conventional Benchmarks in 2023

Global equities witnessed a strong Q4 2023 as slowing inflation and the potential for lower interest rates improved market sentiment drastically. The S&P Global BMI rallied 11.4% for the quarter, finishing the year with an impressive 21.9% return. Middle East and North Africa (MENA) equities rose 6.4% in Q4, as measured by the S&P Pan…

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Jul 19, 2023

Global Islamic Indices Gained over 7.5% in Q2 2023, Outperforming Conventional Benchmarks YTD

Global equities ended the second quarter of the year with a gain of 6.0%, as measured by the S&P Global BMI, accumulating gains of 13.4% YTD. Shariah-compliant benchmark returns, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, outperformed their conventional counterparts by about 1.5% during the quarter, building on…

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Jul 20, 2022

Steep Declines for Islamic Benchmarks in Q2, Lagging Conventional Indices YTD

Global equities fell 15.7% during Q2, as measured by the S&P Global BMI, accumulating losses of 20.4% YTD. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, continued to underperform their conventional counterparts YTD in part due to continued weakness in the Information Technology sector, which fell 30.1%…

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Apr 21, 2022

Global Islamic Indices Lagged in Q1 2022 in a Reversal from 2021

Global equities fell during the first quarter of the year, declining 5.5% as measured by the S&P Global BMI amid heightened volatility, surging inflation and the Russia-Ukraine conflict. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, underperformed their conventional counterparts during the quarter, as the Information Technology…

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Jan 18, 2022

Global Islamic Indices Advanced 20% YTD, Outperforming Conventional Benchmarks in 2021

Global equities gained in the last quarter of the year, climbing 5.8% as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, outperformed their conventional counterparts by approximately 2.5% in the quarter due largely to their overweight in the U.S. Information Technology…

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Oct 20, 2021

Global Islamic Benchmarks Near Flat in Q3 2021, Narrowly Trailed Conventional Benchmarks YTD

Global equities retreated, declining 1% during Q3 2021, as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, declined similarly, each losing 0.8% during the period. While the quarterly figures narrowly favored the Islamic indices, their YTD performance lagged, in part due…

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Jul 15, 2021

Global Islamic Indices Continued Advance in H1 2021, but Lagged Conventional Counterparts

Global equities continued to rise during the second quarter, gaining 7.2% as measured by the S&P Global BMI, raising the YTD tally to 12.8%. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, somewhat underperformed their conventional counterparts YTD, in part due to continued strength in the Financials…

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Apr 21, 2021

Global Islamic Indices Advanced in Q1 2021, but Lagged Conventional Counterparts

Global equities continued to rise during Q1 2021, gaining 2.5%, as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, underperformed their conventional counterparts in Q1, in part due to the strong performance of the Financials sector, which gained nearly 12% during…

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Jan 20, 2021

Global Islamic Indices Advanced 28% YTD, Outperforming Conventional Benchmarks up to 12%

Global equities enjoyed substantial gains in the last quarter of 2020, gaining 15.9%, as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, slightly underperformed their conventional counterparts in Q4 2020 due to the strong performance of the conventional Financials sector, which…

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Oct 18, 2020

Global Islamic Indices Continue to Outperform, Gaining up to 13% over Conventional Benchmarks YTD

Global equities withstood a slump in the last month of the quarter, ultimately gaining 8.1% in Q3 2020 and entering positive territory YTD, as measured by the S&P Global BMI. Meanwhile, Shariah-compliant benchmarks,  including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, significantly outperformed conventional indices, ultimately gaining an advantage…

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