RHB Capital gets nod for co-branded Islamic index deal

RHB Capital Bhd said its wholly owned subsidiary, RHB Research Institute Sdn Bhd, has agreed to establish and market a new co-branded Islamic index with Dow Jones & Co. 

In a statement to Bursa Malaysia, RHB Capital said the index, to be known as Dow Jones-RHB Islamic Malaysia Index, was expected to be launched in June. 

It added that the new index would replace the existing RHB Islamic Index. 

RHB Capital said the new index might be licensed to third parties for them to issue, market and promote index-based financial products, subject to the payment of licensing fees. 

The company intended to capitalise on the new index by introducing new Islamic products and services later this year, it said. – AFX-Asia 

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