Dow Jones Islamic Index
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The Dow Jones Islamic Index (DJGI) family was created for people who wish to invest according to Islamic investment guidelines. The indices track securities approved by the Shariah Supervisory Board of Dow Jones & Company, comprised of scholars from around the world and providing Muslim investors with comprehensive tools based on a global investing perspective. The indices include stocks from 34 countries and cover 10 economic sectors, 18 market sectors, 40 industry groups and 70 subgroups. Currently, the Dow Jones Islamic Market family of indices consist of the broad DJ Islamic Market Index, the DJ Islamic Market Canadian Index, the DJ Islamic Market UK Index, the DJ Islamic Market Europe Index, and the DJ Islamic Market Asia/Pacific Index.
Stocks of businesses whose primary business activities are incompatible with Islamic law are excluded from the indices, including; alcohol, conventional financial services (banking, insurance, etc.) casinos, cinema, pornography, hotels, tobacco manufactureres, pork related products and defense and weapons companies. Securities are selected for the Dow Jones Islamic Market Index so as to represent the most liquid securities meeting the Sharia investment criteria in the market, and to reflect the industry breakdown of the global market.
