NEW YORK, Jan. 21, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced it was named "Best Islamic Index Provider" at the fifth annual Islamic Business & Finance Awards.
Nearly 300 distinguished regional and global industry professionals attended the monthly magazine's ceremony in Dubai, one of the Gulf region's most prominent financial industry events.
"We are thrilled to receive this prestigious award for the second time," said Michael A. Petronella, president, Dow Jones Indexes. "I believe this honor reflects Dow Jones Islamic Market Indexes' commitment to providing the strict standards, objectivity and reliability that market participants value. As Islamic finance grows and evolves worldwide, Dow Jones Indexes will continue to be a leader in Shari'ah-compliant indexing by providing innovative and meaningful Islamic indexes."
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 of which are 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.
Over the past eight years, the Dow Jones Islamic Market Index series has won 23 industry awards by organizations, research institutions and magazines around the world; in addition to Islamic Business and Finance magazine, Dow Jones Indexes has also been recognized by the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, the Islamic Center of Southern California, Global Finance magazine, Islamic Finance News and Incisive Media.
More than 125 licensees with roughly US$5 billion in assets are currently benchmarked to the Dow Jones Islamic Market Indexes. For further information on Dow Jones Islamic Market Indexes,please visit .
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About Dow Jones Indexes
Dow Jones Indexes () is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. () and 10 percent by Dow Jones & Company, Inc. (), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) ().
"Dow Jones®", "Dow Jones Indexes", "Dow Jones Islamic Market Indexes", and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on Dow Jones Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in Dow Jones Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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