Table 1. Comparison of 11 indices from a...

Table 1.

Comparison of 11 indices from a qualitative screening perspective

Sector	Dow Jones	FTSE	S&P	MSCI	HSBC	Amiri	DIB	Azzad	Meezan	Participation index	ZK index
Alcoholic beverages	X	V	X	V	V	V	V	X	V	V	V
Biotechnology (genetic and foetus)					V
Broadcasting and entertainment	X	V	X	V	V	V	V	X	V	V	V
Conventional financial services	X	V	X	V	V	V	V	X	V	V	V
Gambling	X	V	X	V	V	V	V	X	V	V	V
Hotels	X	V	X	V		V	V	X		V	V
Insurance	X	V	X	V	V	V	V	X	V	V	V
Meat production									V
Media (except newspapers)	X		X		V			X	V	V	V
Pork-related products	X	V	X	V	V	V	V	X	V	V	V
Restaurants and bars	X	V	X	V	V	V	V	X	V	V	V
Tobacco	X	V	X	V	V	V	V	X	V	V	V
Trading of gold and silver			X							V	V
Weapons and defence	X	V		V	V	V	V	X

Sector	Dow Jones	FTSE	S&P	MSCI	HSBC	Amiri	DIB	Azzad	Meezan	Participation index	ZK index
Alcoholic beverages	X	V	X	V	V	V	V	X	V	V	V
Biotechnology (genetic and foetus)					V
Broadcasting and entertainment	X	V	X	V	V	V	V	X	V	V	V
Conventional financial services	X	V	X	V	V	V	V	X	V	V	V
Gambling	X	V	X	V	V	V	V	X	V	V	V
Hotels	X	V	X	V		V	V	X		V	V
Insurance	X	V	X	V	V	V	V	X	V	V	V
Meat production									V
Media (except newspapers)	X		X		V			X	V	V	V
Pork-related products	X	V	X	V	V	V	V	X	V	V	V
Restaurants and bars	X	V	X	V	V	V	V	X	V	V	V
Tobacco	X	V	X	V	V	V	V	X	V	V	V
Trading of gold and silver			X							V	V
Weapons and defence	X	V		V	V	V	V	X

Source: Authors’ own. Data collected were from different sources. X: Any involvement of the company in the sector is considered impermissible; V: When the sector represents the core business of the company, it is considered impermissible

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