Tag Archives: S&P Pan Arab Composite

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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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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Oct 17, 2016

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%…

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