Islamic financial innovation : the case of Islamic stock indexes

Abstract EN

This paper aims to present financial innovation shari’ahcompliant, with reference to the Islamic stock indexes, with a focus on analyzing the case of the Dow Jones Islamic Market (DJIM) Index.

Result show that, adoption and implementation of innovative financial strategies in Islamic finance are necessary to enhance the performance, attractiveness and competitiveness of this industry.

However, it is still facing a number of limitations, that might call into question its reliability, stability, attractiveness and competitiveness.

Despite this fact, Islamic indexes, such as the (DJIM) shows its ability to compete its conventional counterpart.