|Dow Jones Indexes, a leading global index provider, today announced it was named "Islamic Index Provider of the Year in Asia" at the Asia Asset Management Awards. This reward recognises Dow Jones Indexes' existing market share and index launches across the region, as well as its initiatives in Asian emerging markets such as China and India.
"Since the launch of the Dow Jones Islamic Market Indexes, we've been committed to providing the investment community with the most comprehensive and reliable index family in the Shari'ah-compliant space," said Michael A. Petronella, president, Dow Jones Indexes. "Not only have we expanded the family by region, country, size and sector, but we've also launched the first index to track Islamic bonds. We were also the first index provider to combine Islamic investment principles with sustainability criteria. Market participants can expect to see continued innovation from Dow Jones Indexes in this area."
The Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari'ah compliance. With thousands of indexes, the series is the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes - all subsets of the Dow Jones Islamic Market Index. An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.