“By merging Shari’ah-compliance with RBP’s methodology, the Dow Jones Islamic Market RBP U.S. 50 Index offers institutional investors a unique investment tool. This new index is the latest example of the Dow Jones RBP Index family’s commitment to deliver creative measurements of world markets.”
The Dow Jones Islamic Market RBP U.S. 50 Index is the latest addition to the Dow Jones RBP series of quantitative strategy indexes offered by Dow Jones Indexes and Transparent Value LLC, a New York-based asset management and financial information services company. The Dow Jones RBP Indexes are built upon patent-pending proprietary rules-based analytics supplied by Transparent Value.
“The Dow Jones Islamic Market RBP U.S. 50 Index demonstrates how we were able to effectively build on our existing relationship with Transparent Value alongside our success and experience with the Dow Jones Islamic Market Index family to produce a truly innovative market measure,” said Michael A. Petronella, President, Dow Jones Indexes.
Beginning with the 1999 introduction of its Dow Jones Islamic Market Indexes series, Dow Jones Indexes has been a pioneer in providing Shari’ah compliant indexes. In 2011 alone, Dow Jones Indexes has been named “Best Islamic Index Provider” by Islamic Business & Finance; “Islamic Index Provider of the Year in Asia” by Asia Asset Management; and “Best Shari’ah Compliant Index Provider of the Year” by Global Finance.