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Dow Jones Islamic Market Indexes - Index Review Results: 3rd Quarter 2009
September 10, 2009--Dow Jones Indexes, a leading global index provider, today announced the results of the third regular quarterly review of the Dow Jones Islamic Market World, Regional and Country indexes as well as the results of the annual review of the Dow Jones Islamic Market China/Hong Kong 30 Index. All changes will be effective after the close of trading on Friday, September 18, 2009.
In the Dow Jones Islamic Market World Index, 111 components will be added while 84 components will be deleted. That increases the number of components in the index to 2,410 from 2,383.
With 53 additions and 38 deletions, the number of components in the Dow Jones Islamic Market Asia/Pacific Index will increase to 1,073 from 1,058. In the Dow Jones Islamic Market Europe Index, 12 components will be added, while 20 components will be deleted. That decreases the number of components in the index to 402 from 410. The number of components in the Dow Jones Islamic Market Americas Index will increase to 789 from 776, with 29 additions and 16 deletions. In the Dow Jones Islamic Market MENA Index, 21 components will be added, while 11 components will be deleted. That increases the number of components in the index to 164 from 154.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, two components will be added, while seven components will be deleted. That decreases the number of components in the index to 60 from 65.
In the Dow Jones Islamic Market China Offshore Index, two components will be added, while no component will be deleted. That increases the number of components to 22. With four additions and two deletions, the number of components in the Dow Jones Islamic Market Hong Kong Index will increase to 86 from 84. In the Dow Jones Islamic Market India Index, two components will be added, while 15 components will be deleted. That decreases the number of components in the index to 186 from 199. The number of components in the Dow Jones Islamic Market Turkey Index will remain at 27, with two companies being exchanged.
In the Dow Jones Islamic Market China/Hong Kong 30 Index, five components will be exchanged.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index decreased to US$11.32 trillion from US$11.37 trillion .
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index increased to US$2.17 trillion from US$2.16 trillion, while the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index decreased to US$2.45 trillion from US$2.49 trillion. As of September 8, 2009, the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index increased to US$6.57 trillion from US$6.56 trillion and the total free-float market capitalization of the Dow Jones Islamic Market MENA Index increased to US$139.54 billion from US$122.77 billion.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Index decreased to US$363.30 billion from US$445.52 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index increased to US$40.84 billion from US$40.08 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index increased to US$97.48 billion from US$95.54 billion. As of September 8, 2009, the free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index decreased to US$272.01 billion from US$288.51 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index increased to US$13.93 billion from US$13.78 billion.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market China/Hong Kong 30 Index decreased to US$158.56 billion from US$186.23 billion.
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 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. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 12-month average market capitalization; cash plus interest-bearing securities divided by trailing 12-month average market capitalization; and accounts receivables divided by trailing 12-month average market capitalization.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes.
More information on the Dow Jones Islamic Market Indexes is available on www.djindexes.com.