DUBAI. The leading global index provider, Dow Jones Indexes, and the Dubai Financial Market, the UAE’s premier stock exchange, have announced the launch of the Dow Jones DFM index and Dow Jones DFM Titans 10 index. The new indices are part of the Dow Jones Islamic Market Index series and follow the methodology of the Shari’ah-compliant index family. The Dow Jones DFM is a composite equity index that tracks the performance of equities traded at the Dubai Financial Market (DFM), while the Dow Jones DFM Titans 10 is a subset of the Dow Jones DFM. These are designed to serve as an underlying index for instruments such as mutual funds and exchange-traded funds. Essa Kazim, the chairman of the DFM, said, “With DFM being the first Islamic stock exchange, it is appropriate that we should co-brand our first Islamic index with Dow Jones Indexes, the creators of the world’s first Islamic index. As the DFM evolves alongside the financial transformation taking place in the UAE, it is imperative to introduce products that have global appeal.” Both indices, which are calculated in US dollars and UAE dirhams, are reviewed quarterly.

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