12.07.2011 - Report card of Islamic indices
Islamic equity indices, 1.0, became a global ‘instrument’ in 1999, with the launch of the Dow Jones Islamic Market Index (DJIM). But, what progress, if any, has been made in the last 11 years on Islamic indexing? But, first, a step back to better understand the function and role of indices. The reason indices are important is because they are the DNA of investing, be it conventional, ethical or faith based. Trillions of dollars are managed/benchmarked to indices in the form of active funds, passive funds and exchange traded funds for the man on the street to funds to sovereign wealth funds..............................................Full Article: Source
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