We wonder if anyone at Dow Jones even knows what Shariah is…
“Dow Jones has launched a new Islamic index, which has been simultaneously licensed to an exchange-traded fund (ETF) provider in the US. The Dow Jones Islamic Market International Titans 100 Index will track 100 companies outside the US which have passed sharia screening tests set by the provider’s supervisory board.”
The ETF is managed by a brand new outfit called Javelin Investment Management. We have not been able to find any information on Javelin–not so much as a web site. If you recall, Dow Jones for years retained the hateful Jihadist Mufti Taqi Usmani on their Shariah advisory board, before bad publicity apparently forced him out. It will be interesting to see who sits on Javelin’s board–or perhaps they will simply use the Dow Jones board. None of this is totally clear yet…
http://www.structuredproductsonline.com/public/showPage.html?page=864414
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