Dow Jones Indexes is seeking to launch the Dow Jones Islamic Market Global Select Dividend Index. Part of the Dow Jones Islamic Market Index series, the index will measure the stock performance of leading dividend-paying companies in developed countries that pass rules-based screens for Shari’ah compliance.
The new index will evaluate the performance of 100 of the highest dividend-yielding stocks from the Dow Jones Islamic Market World Index. It will serve as a benchmark and an underlying instrument for investment products, including mutual funds and exchange-traded funds.
Click here for the release from Globe Newswire.