Dow Jones Indexes and RHB Launch New Index for Shari'ah Compliant Stocks New Index Part of Global Dow Jones Islamic Market Index Family
NEW YORK and KUALA LUMPUR (June 23, 2005) - Dow Jones Indexes, a leading global index provider, and RHB Securities Sdn Bhd today announced 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.
<<Islamic 3 RHB Launch.doc>>
Please find here the press release on the launch of the Dow Jones-RHB Islamic Malaysia Index.
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