Dow Jones Indexes and RHB Securities Sdn Bhd announced Thursday the launch of the Dow Jones-RHB Islamic Malaysia Index.
The new index was developed jointly by Dow Jones Indexes and RHB Research Institute Sdn Bhd and will replace the RHB Islamic Index that has been in use since May 1996.
The Dow Jones-RHB Islamic Malaysia Index is part of the Dow Jones Islamic Market Index series, and follows the methodology of the Sharia’h compliant index family. The index, which is based on internationally acknowledged Islamic finance standards, has been developed specifically to meet the growing demand for Shari’ah compliant equity indexes-specifically for the Malaysian market. The Dow Jones Shari’ah Supervisory Board, a group of international Shari’ah scholars, oversees the execution of the Shari’ah standards used by Dow Jones Indexes.