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MNC Securities to boost retail investors through sharia online platform
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MNC Securities president director Susy Meilina (front right) receives an award from Indonesian Museum of Records (Muri) representative Osmar Semesta Susilo, witnessed by MNC Group founder Hary Tanoesoedibjo (second right) and other executives of the company. (JP/Anton Hermansyah)
M
NC Securities, a subsidiary of diversified conglomerate MNC Group, launched online platform MNC Trade Syariah on Monday to boost transactions of its retail investors.
“Currently, 60 percent of our bottom line comes from institution investors. The remaining 40 percent sources from retail investors of which sharia contributes less than 20 percent,” MNC Securities president director Susy Meilina said in Jakarta.
MNC Securities finance and operation director said the new sharia platform was expected to contribute 30 percent both in value and in number of investors this year, with a gradual increase to 50 percent.
Susy said her staff had visited a number of Islamic boarding schools and met with representatives of Islamic organizations like Nahdhlatul Ulama (NU) and Muhammadiyah to introduce the new sharia platform.
The company has 90 points of sales and 22,000 customers across the country.
MNC Securities has adjusted net working capital of Rp 295 billion (US$22.12 million) with total daily transactions of Rp 350 billion a day.
Financial Services Authority (OJK) commissioner for capital market supervision Nurhaida said sharia stock contributed less than 5 percent to total stocks. "This is due to the lack of education on the stock market. We hope this sharia online platform will help people learn more about the trading," Nurhaida said. (dra/bbn)
