LONDON, Jan. 31, 2011 (GLOBE NEWSWIRE) -- 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.
Earlier this month, Dow Jones Indexes was named "Best Islamic Index Provider" at the fifth annual Islamic Business & Finance Awards in Dubai, one of the Gulf region's most prominent financial industry events.
Over the past eight years, the Dow Jones Islamic Market Index series has won 24 industry awards by organizations, research institutions and magazines around the world; in addition to Asia Asset Management magazine, Dow Jones Indexes has also been recognised by the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, Islamic Business & Finance magazine, 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) ().
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