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Jakarta Post

IDX to lure sharia investors through expo

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Tue, March 29, 2016   /  08:45 am
IDX to lure sharia investors through expo

A man passes the iconic round table on the trading floor of the Indonesia Stock Exchange (IDX). The IDX will hold the Sharia Capital Market Exhibition to attract more investors to sharia stocks.( Parwitasari)

The Indonesia Stock Exchange (IDX) will hold a Sharia Capital Market Exhibition at the IDX building in Jakarta from March 30 to April 2, as part of an effort to attract more investors to sharia products in the capital market.

IDX development director Nicky Horgan said the exhibition was aimed at increasing people's knowledge about capital market products, especially sharia-compliant stocks. The IDX aims for 5,000 new sharia investors this year, a 100 percent increase from 2014.

"This will hopefully lead to an increase in the number of local investors in the capital market and trigger a paradigm shift from a saving society into an investing society,'€ he said on Monday.

The four-day festival supported by the Financial Services Authority (OJK) will feature 44 companies, including sharia and sukuk issuers, investment managers and securities companies, and is expected to attract 6,000 visitors.

Visitors will also have an opportunity to purchase products directly at the event. In the last few years, sharia investment products, especially in the capital market, have shown significant growth.

The number of sharia stock investors rose by 76 percent from 2,750 in 2014 to 4,908 in 2015. The number of sharia stocks has also increased by 34 percent since the Indonesia Sharia Stock Index (ISSI) was launched with 237 stocks in 2011, to 318 stocks in 2015, he said. (sha/ags)(+)

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