Dow Jones Launches Islamic Market Malaysia Index
Dow Jones Indexes has launched the Dow Jones Islamic Market Malaysia Titans 25 Index. The index measures the performance of the top 25 stocks in the Dow Jones Islamic Market Malaysia Index, which comprises Malaysia-domiciled companies that pass screen for Shari’a compliance. The company says that the Islamic Market Malaysia Titans 25 Index is designed to underlie financial products such as exchange-traded funds, structured products and derivatives. The new index is weighted by free float-adjusted market capitalisation and component weights are capped at 20%. It is calculated in US dollar and Malaysian ringgit and reviewed quarterly in March, June, September and December.