Products January 2, 2005

Dow Jones Adds Islamic Market Blue Chip Indexes

February 25, 2003 (PLANSPONSOR.com) - Dow Jones Indexes has added the global Dow Jones Islamic Market Titans 100 and three subset indexes to its blue-chip index inventory.
Reported by

Dow Jones said the Islamic Market Titans 100 was created to meet demand for social-ethical and Islamic index investment. The indexes, which include the Dow Jones Islamic Market US Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25 , select investments based on a number of different screens including industry type. Excluded are companies engaged in certain business, such as:

  • alcohol
  • tobacco
  • pork-related products
  • financial services
  • defense/weapons
  • entertainment.

Additionally, companies are screened based on financial ratios.   Considered unacceptable to Dow Jones are companies whose total debt divided by trailing 12-month average market capitalization is 33% or more,  those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more, and those whose accounts receivables divided by total assets are 45% or more.

The Dow Jones Islamic Market Titans 100 is then weighted by float-adjusted market capitalization. The indexes are calculated in real-time with historical data on the Dow Jones Islamic Market Titans 100 index available back to December 31, 1995.

Further information on the Dow Jones Islamic Market Titans 100 Index as well as ticker symbols of the data vendors are available at www.djindexes.com .

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