FTSE and Bursa Malaysia launch sharia index

FTSE and Bursa Malaysia have rolled out their latest index, responding to MalaysiaÆs emergence as a hub for Islamic finance and sharia-compliant funds. The new benchmark will be known as the FTSE Bursa Malaysia EMAS Sharia Index, and is the eighth Malaysian index in the market currently run by the two parties.For the next nine months, the new index, officially launched on 22 January, will run parallel with the Malaysian bourseÆs existing Kuala Lumpur Sharia Index (KLSI). According to …