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Islamic Finance Briefing - Categorized | Finance, Insurance (Takaful), New Launches more

Dow Jones Indexes to launch Dow Jones Islamic Market Global Finance & Takaful Index

Posted on 23 February 2011

Dow Jones Indexes, a leading global index provider, today announced it will expand its Dow Jones Islamic Market Indexes series by launching the Dow Jones Islamic Market Global Finance & Takaful Index, which measures the performance of financial services stocks that pass rules-based screens for Shari’ah compliance. (Insurance stocks that pass such screens are known as Takaful.)
The index, designed to provide broader coverage of the Shari’ah-compliant financial services sector, will serve as a benchmark and an underlying instrument for investment products such as mutual funds and exchange-traded funds (ETFs)……………………………………….Full Press Release: Source

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