Accessing the global technology sector in a Shariah-compliant way with the Dow Jones Islamic Market (DJIM) Global Technology Titans 50 Index.
1. What’s driving interest in the DJIM Global Technology Titans 50 Index now?
In recent years, the world’s largest global technology companies have become the dominant drivers of markets and the backbone of global economic growth. These innovative companies have changed the way we work, shop, travel, and communicate with others. At the same time, demand has increased for lower cost, index-based solutions to capture this important segment of the market in a Shariah-compliant manner. By measuring the largest global technology companies that pass Shariah screens, as defined by the world’s original global Islamic index series, the DJIM Global Technology Titans 50 Index meets this demand.
2. How does the index work?
The DJIM Global Technology Titans 50 Index is built from the same underlying framework as the DJIM World Index. Technology companies are identified using the Dow Jones Industry Classification System, which implements a broad, inclusive definition to capture the segment across industries. The top 50 companies are then selected by float market cap rank. This results in a representative set of globally recognized, liquid, blue-chip technology companies. The index components are selected and reweighted by float market cap on a quarterly basis.