LONDON, April 25, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced that, for the fourth consecutive time, it was named "Best Shari'ah Compliant Index Provider of the Year" by Global Finance magazine.
Dow Jones Indexes has now won this category in each of the four years Global Finance has honoured the "World's Best Islamic Financial Institutions". The award pays tribute to Dow Jones Indexes' existing market share and index launches across the Middle East region, as well as its contribution to the growth of Islamic finance. All selections were made by Global Finance editors after extensive consultations with bankers, corporate finance executives and analysts throughout the world.
"We are proud to again be recognised as being at the forefront of Islamic finance, one of the marketplace's fastest-growing sectors," said Michael A. Petronella, President, Dow Jones Indexes. "As the first provider of Shari'ah-compliant indexes, Dow Jones Indexes is committed to building upon our accomplishments by offering the most comprehensive, innovative and reliable index family in this space."
The Dow Jones Islamic Market Indexes were introduced in 1999 to measure the global universe of investable equities that pass screens for Shari'ah compliance. With hundreds of indexes, the series is the most comprehensive family of Islamic market measures and includes regional, country and industry indexes. An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
Over the past 12 years, the Dow Jones Islamic Market Index family has won 25 industry awards by organizations, research institutions and magazines around the world. In addition to Global Finance, Dow Jones Indexes has also been recognised by the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, Islamic Business & Finance, Asia Asset Management, Islamic Finance News and Incisive Media.
More than 100 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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CONTACT: Dow Jones Indexes' press offices: London: +44-20-7796-7247 New York: +1-212-597-5720