Dow Jones launches Islamic Asean index

Dow Jones Indexes has launched the Dow Jones Islamic Market (DJIM) Asean Index, which is designed to provide exposure to sharia-compliant companies in six of the 10 member states of the Association of Southeast Asian Nations (Asean) including Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

The index, which is designed to serve as underlying for financial products such as exchange-traded funds (ETFs), is weighted by free-float market capitalization and comprises 284 components. The top five stocks are PTT PCL (Thailand), Sime Darby (Malaysia,), Singapore Airlines (Singapore), Singapore Telecoms (Singapore) and Telekomunikasi Indonesia (Indonesia).

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