Shariah-Compliant Indices Outperform Benchmark in the First Half of 2020: S&P Dow Jones Indices

As reported by Standard and Poor’s (S&P) Dow Jones Indices, Shariah-compliant benchmarks including the S&P Global BMI Shariah and the Dow Jones Islamic Market (DJIM) World Index, significantly outperformed during the first half of 2020, entering positive territory, compared to the 6.8% year-over-year (YoY) decline witnessed by the S&P Global Broad Market Index (S&P Global BMI).

Year-to-date (YTD) as of 30th June 2020, the S&P Global BMI Shariah was up 2.3% YoY, whilst the DJIM World Index was up 3.0% YoY.

Sector drivers played a key role in the Shariah outperformance witnessed in the second quarter of 2020. The Information Technology sector, which tends to...