Dubai-based Islamic Business & Finance Magazine has named Dow Jones Islamic Market Indexes as the “Best Index Provider Shari’ah Compliant Indexes.” According to Dow Jones’ promotional materials, the Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari’ah compliance. An independent Shari’ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.

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Global accounting heavyweight Deloitte Touche Tohmatsu has recruited Daud Viacary Abdullah, as global leader of Deloitte’s Islamic Finance Industry.  The Islamic Finance industry is rapidly expanding, which presents opportunities for companies in various businesses around the world,” said Abdullah. Deloitte member firms have formidable experience and delivery capabilities in all service lines around Islamic Finance,  he added.

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Thomas Reuters, which owns Westlaw Business, announced that it has formed an agreement with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to provide standards and other Islamic finance industry information for global business and law professionals. AAOIFI helps address issues that determine whether certain transactions or activities are compliant with Sharia laws and this information is essential in providing practitioners with the insights necessary to successfully structure transactions. AAOIFI standards are developed in consultation with leading Sharia scholars and experts in the field of banking, insurance, economics, law and asset management, thereby contributing to the professional development of the industry.

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