Air Products Recognized For Leadership By Dow Jones Sustainability Index (2)

Dow Jones IndexPART II – This is a continuation of part one which simply became too lengthy to contain in one hub. I think the key is that all of us or our people have shared some of the good, the bad, and the ugly in the history of this country. The closing Adjusted Dow Jones Industrial Average every Friday might be a good index to use to determine winners. I don’t see how anyone, anywhere wouldn’t be interested in this form of history. In an equity fund the amounts are invested in the shares of joint stock companies.

Profits are also achieved by the dividends distributed by the relevant companies. If a fund is created to undertake this kind of sale, it should be a closed-end fund and its units can not be negotiable in a secondary market. The Ijarah Fund will involve in companies dealing in the leasing of assets according to Shari’ah principles. The ownership of these assets remains with the Fund and the rentals are charged from the users. These rentals are the source of income for the fund which is distributed pro rated to the investors.

Another type of Islamic Fund maybe of a nature where the subscription amounts are employed in different types of investments, like equities, leasing, commodities, etc. In this case if the tangible assets of the Fund are more than 51% while the liquidity and debts are less than 50% the units of the fund may be negotiable. The Dow Jones Islamic Markets (DJIM) is one of the important Islamic indexes and their approach Islamic screening is considered in this section by way of an example (Islamic indexes: the DJIM framework by Rushdi Siddiqi, Islamic Asset Management pp 46-55, Euromoney Books 2006).Dow Jones Index

The Shari’ah allows investing in shares of companies in which the primary business activity is deemed lawful if the accounts receivable do not represent the majority (more than 50 per cent) of total assets. In addition, investors will want to digest a report on monthly sales, two speeches by members of the Federal Reserve, and the release of the minutes from last month’s FOMC meeting Companies reporting quarterly earnings tomorrow include Inc.

Meanwhile, the U.S. Consumer Price Index increased by 0.2% month over month, surpassing the consensus expectations of Estimize analysts. Dow futures were up 69 points ahead of opening bell this morning as investors keep an eye on manufacturing data and statements by key members of the U.S. Federal Reserve. With 340 companies out of the S&P 500 reporting, third-quarter earnings are down 2.2 percent compared to a year earlier.

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