Tag Archives: shariah
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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Global Islamic Indices Gained over 10% in Q1 2023, Outperforming Conventional Benchmarks
Global equities ended the first quarter of the year with a gain of 6.9%, 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, also increased during the quarter and outperformed their conventional counterparts by 3.5% and 3.4%, respectively. Overall, regional…
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First Islamic Indices Based on S&P/ASX Series Launched
S&P DJI is launching its first S&P/ASX Shariah Indices, which aim to track the performance of Shariah-compliant stocks in the S&P/ASX 200 and the S&P/ASX 300. This launch comes in the context of increased interest in the Muslim community for Shariah investing in Australia. The Muslim community in Australia accounts for 3.2% of the population,…
Global Islamic Indices Declined Over 20% YTD, Underperforming Conventional Benchmarks in 2022
Global equities partially recovered from the losses accumulated throughout the year by increasing 9.9% during Q4, as measured by the S&P Global BMI, ending 2022 with a loss of 18.2%. Meanwhile, Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, also increased during the quarter, but they underperformed…
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Islamic Benchmarks Continued to Fall in Q3, in Line with Conventional Indices
Global equities dropped 6.6% in Q3 2022, as measured by the S&P Global BMI, accumulating a loss of 25.6% YTD. Meanwhile, Shariah compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, managed to outperform their conventional counterparts by 0.6%. Overall, regional broad-based Shariah and conventional equity benchmarks accumulated…
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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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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…
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…
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…
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…