Dow Jones launches Islamic 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 is comprised of Malaysia-domiciled companies that pass rules-based screens for Shariah compliance.The new index is designed to serve as the basis of financial products such as exchange-traded funds, structured products and derivatives. It enables the growing Islamic banking and finance indust…