Tag Archives: MENA Equities
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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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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S&P and Dow Jones Islamic Indices Continue Outperformance in Q1 2020
Amid Losses, Shariah-Compliant Benchmarks Beat Conventional Counterparts by Substantial Margins Global equities fell 22.3% during Q1 2020, as measured by the S&P Global BMI, with COVID-19 taking center stage and cases growing worldwide. The S&P Global BMI Shariah—which fell 17.2%—markedly outperformed its conventional benchmark by more than 500 bps, marking its greatest quarterly outperformance since…
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The Outperformance of S&P and Dow Jones Islamic Market Indices versus Conventional Indices through Q3 2019
Developed Market Indices Lead, Emerging Markets Lag the Broad Market Global S&P and Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts YTD in 2019, as Information Technology—which tends to be overweight in Islamic indices—continued to lead the sectors, while Financials—which is underrepresented in Islamic indices—continued to underperform the broader market. The S&P Global BMI Shariah…
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S&P and Dow Jones Islamic Market Indices Largely Outperformed Conventional Indices in Q2 2019
Developed Market Indices Continued to Outperform Conventional Indices, Emerging Markets Lagged Global S&P and Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts YTD in 2019, as Information Technology—which tends to be overweight in Islamic indices—has been a sector leader, while Financials—which is underrepresented in Islamic indices—continued to underperform the broader market. The S&P Global BMI…
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S&P and Dow Jones Islamic Indices Outperform Conventional Benchmarks in Q1 2019
Information Technology and Financial Sectors Biggest Contributors Global S&P and Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts in Q1 2019 as Information Technology—which tends to be overweight in Islamic indices—finished the quarter at the top of the sector leaderboard while Financials—which is underrepresented in Islamic indices—underperformed the broader market. The S&P Global BMI Shariah…
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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: November 2015
Most Major Islamic Indices Outperformed Conventional Benchmarks in 2015 Most S&P Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts through November 2015, as the financial sector—which is underrepresented in Islamic indices—has underperformed, and information technology and health care—which tend to be overweight in Islamic Indices—have been top performers. The S&P Global BMI Shariah and Dow…
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