NEW YORK, Nov. 1, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced that it has been named "Best Islamic Index Provider" in the Islamic Finance News (IFN) award poll for the 4th consecutive year.
The Best Service Providers award poll is conducted annually by the Malaysia-based weekly e-newsletter Islamic Finance News. For this 2010 edition, more than 1,900 votes from Islamic finance institutions, issuers, investors and government bodies from around the world determined the leaders in 13 categories.
"We are honored to receive this prestigious award for the fourth year in a row. The Dow Jones Islamic Market index series is one of our finest achievements in terms of innovation, design and market acceptance," said Michael A. Petronella, president, Dow Jones Indexes. "As Islamic finance grows and evolves worldwide, we are committed to continue providing meaningful, new Islamic indexes."
Launched in 1999, the Dow Jones Islamic Market Indexes were the first indexes intended to measure the global universe of investable equities that pass screens for Shari'ah compliance. With more than 100 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.
In the past 6 years, the Dow Jones Islamic Market index series has won 21 industry awards by organizations, research institutions and magazines around the world; amongst them are the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, the Islamic Center of Southern California, Global Finance Magazine, Islamic Business & Finance Magazine and Incisive Media.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes. For more information on the 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) ().
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"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 the Dow Jones Islamic Market 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 any of the Dow Jones Islamic Market 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.
CONTACT: Dow Jones Indexes press offices: New York: +1-212-597-5720 London: +44-20-7796-7247 Frankfurt: +49-69-29725-290 Hong Kong: +852-800-969-336 Singapore: +65-6-4154-299