INDONESIA - CAPITAL MARKETS - Bapepam-LK Supports Islamic Finance Development in Indonesia

www.depkeu.go.id - Jakarta, 16/4/2012 MoF (Fiscal) News - Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) always encourages the growth and development of domestic Islamic financial industry. This was stated by Head Bureau of Accounting Standards and Disclosure of Bapepam-LK Etty Retno Wulandari while attending the Islamic Finance News (IFN) Indonesia Forum 2012, on Monday (16/4) at the Hotel Mulia, Jakarta.

Thus, the government through Bapepam-LK in cooperation with the Indonesia Stock Exchange (BEI) and the Indonesian Ulema Council along with various other stakeholders will always strengthen the cooperation in Islamic finance. Bapepam-LK itself is currently undertaking a revision to the regulation Number II.K.1 concerning the Criteria and Issuance of Islamic securities. The changes cover financial ratio and the date of issuance and validity of the List of Islamic Securities (DES). (source)

INDONESIA - FINANCE - Shariah ETF Mutual funds need to be published

www.bisnis.com - JAKARTA: The company challenged the asset management mutual fund products issued Exchange Trade Fund (ETF) based on operational after the stock market authorities to unite in a group of Jakarta-based Islamic Shariah Index (JSI) and Indonesia Sharia Stock Index (ISSI).
Deputy Secretary Daily Board of the National Sharia Council (DSN) Kanny Hidaya said the market opportunity based Islamic capital market, especially mutual funds in Indonesia is large enough to see the population of this country with the largest Muslim population.
"After some time the stock ETF is launched, it should present an asset management company dared to publish Islamic ETF products," he said in a discussion session on Market Development of Islamic Indonesia, today (Thursday, April 5, 2012).  (source)

INDONESIA - CAPITAL MARKETS - Trade and Services Sector Shares Sharia Domination

www.pkesinteraktif.com - Jakarta (29/2) - Currently in stock sharia, trade, services, and investment is the most dominant sector. This was disclosed Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh to pkesinteraktif.com few days ago.

He said 237 shares of sharia, trade, services, and investment has its share of 28%. The rest was divided on agriculture, mining, various industrial, commercial goods industry, property, and infrastructure.

"As the number of stocks that move in this sector (trade, services, and investments) at most, then this sector is also the most demanding investors," he said. (source)

INDONESIA - OPINION - Islamic Exchange Traded Fund (Islamic ETF): new instrument on the Islamic capital market

The development of Islamic capital markets in domestic and global markets continued to show positive trends. This is caused by various factors that support these developments. The first factor is the issue of Islamic development which continues to progress very rapidly, so it must be balanced with capital market products in accordance with sharia to respond to market demand. The second factor is the Muslim investors who keep their funds in the stock market, but expect the product must be in accordance with sharia. It becomes something very positive because their awareness of Sharia compliant products require them to invest in shares in accordance with sharia. The third factor is the factor of competitive advantage compared with conventional products.(source)

CAPITAL MARKETS - Jakarta Stock Exchange IDX - ISSI components

On May 12, 2011, the Jakarta Stock Exchange launched the ISSI Indonesia Syariah Stock Index - here are the components



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CAPITAL MARKETS - Indonesian stock exchange launches sharia index

Jakarta (ANTARA News) - PT Bursa Efek Indonesia (BEI) officially launched the Indonesia Sharia Stock Index (ISSI) here on Thursday as a reference for investors in sharia shares.

BEI president director Ito Warsito said he hoped the index could become a main indicator that reflects the entire performance of sharia shares listed in BEI. (full story)

CAPITAL MARKETS - IDX launches first sharia equities index

The Indonesia Stock Exchange (IDX) has officially launched Indonesia’s first sharia-compliant equities index, with the blessing of the Indonesian Ulema Council (MUI).

The Indonesia Sharia Stock Index (ISSI) was officiated on Thursday by IDX president director Ito Warsito and MUI deputy chairman Ma'ruf Amin. (full story)

CAPITAL MARKETS - IDX Prepared to Unveil Its First Shariah Equities Index

The Indonesia Stock Exchange plans to launch its first index of Shariah-compliant companies next week as part of efforts to diversify the country’s investor base and attract more investment from the Middle East.

The Indonesian Shariah Stock Index is expected to make its debut on Wednesday.  (full story)

OPINION : Indonesia Needs Overseas Investors - Indonesia Sharah Stock Index ISSI

As international investor interest in Indonesia rises, the country faces a hectic few months ahead. A host of international conferences are planned for Jakarta in the coming weeks, giving the government and private business a great opportunity to showcase their achievements....

... The Doing Business 2011 report, released by the International Finance Corporation earlier this year, ranked Indonesia 121st out of 183 countries in terms of ease of doing business, down six places from last year. (full story)