WORLD - INDEX - Changes Made To Dow Jones Islamic Market Indexes

www.djindexes.com -Changes Follow Regular Annual Review - LONDON (7 June 2012) – Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Islamic Market Titans 100 Index and its three subindexes, Dow Jones Islamic Market U.S. Titans 50 Index, Dow Jones Islamic Market Asia/Pacific Titans 25 Index and Dow Jones Islamic Market Europe Titans 25 Index as well as the Dow Jones Islamic Market Malaysia Titans 25 Index. All changes will be effective after the close of trading on Friday, June 15, 2012.
In the Dow Jones Islamic Market Titans 100 Index and subindex Dow Jones Islamic Market U.S. Titans 50 Index, Baker Hughes Inc., Corning Inc. and Marathon Oil Corp. will be replaced by eBay Inc., Express Scripts Holding Co. and Nike Inc. Cl B.  (source)

INDONESIA - CAPITAL MARKETS - Indonesian Sukuk Bid Up; Demand To Stay Solid -Analyst

www.financeroll.com - The Indonesian 7-year global sukuk trades higher at its debut in the secondary market after strong demand for the paper at the primary market, dealers say. The yield is down at 3.96% from the 4% initial yield. (source)

WORLD - OPINION - Report card of Islamic indices

Islamic equity indices, 1.0, became a global ‘instrument’ in 1999, with the launch of the Dow Jones Islamic Market Index (DJIM). But, what progress, if any, has been made in the last 11 years on Islamic indexing?

(Full disclosure: I was fortunate enough to lead a team for the DJIM.)
But, first, a step back to better understand the function and role of indices. (source)

INDONESIA - BANKING - Bidders Pulled Out From Bank Muamalat Stake Sale

JAKARTA -(Dow Jones)- Bidders have pulled out of negotiations to buy a stake in Indonesian Shariah lender PT Bank Muamalat, a person familiar with the matter said Thursday.

"All bidders are out now. They don't agree with the terms and conditions, which also include the price," said the person, who declined to be named. (source)