Dow Jones Indexes is launching the Dow Jones Islamic Market Global Finance & Takaful Index. The new index will measure the performance of financial services stocks that pass rules-based screens for Shari’ah compliance. The index will serve as a benchmark and an underlying instrument for investment products, including mutual funds and exchange-traded funds. The index includes stocks that pass financial ratio screens that are less than 33% in total debt, divided by trailing 24 month average market capitalization and cash plus interest-bearing securities.

Click here for the release from Dow Jones Indexes.