Tag Archives: Dow Jones Islamic Market World Index
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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S&P and Dow Jones Islamic Benchmarks Finished 2019 with Standout Performance
Shariah-Compliant Benchmarks Continued to Outperform Conventional Indices Global S&P and Dow Jones Shariah-compliant benchmarks finished a standout 2019, a welcomed turnaround in comparison to the lackluster returns of the prior year. Broad-based Islamic indices outperformed their conventional counterparts in 2019 as Information Technology—which tends to be overweight in Islamic indices—led sector returns by significant margins,…
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Most S&P and Dow Jones Islamic Indices Outperformed Conventional Benchmarks in Q1 Driven by Strength in the Technology Sector
Most S&P and Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts in Q1 2018, as the information technology sector—which tends to be overweight in Islamic Indices—led the market by a wide margin, and financials—which is underrepresented in Islamic indices—matched the returns of the broad market. The Dow Jones Islamic Market World Index and S&P Global…
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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…
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