INDONESIA - CAPITAL MARKETS - JFX set target of IDR 5 billion/day from syariah commodity transactions

Jakarta (14/10)- Jakara Future Exchange (JFX)  or Bursa Berjangka Jakarta set target to have IDR 5 billion transaction daily in the first 3 months, as explained by JFX Director, M. Bihar Sakti Wibowo, During the launching ceremony, last Thursday, (13/10). (source)

FINANCIAL MARKETS - Jakarta Futures Exchange to create sharia products

JAKARTA: PT Jakarta Futures Exchange (JFX) is targeting to launch sharia futures commodity products (murabahah) in July 2011.

“Six months since January, you will see clearly of what murabahah products we are will launch,” said Director of BBJ Bihar Sakti Wibawa at a press conference in Jakarta this afternoon.

According to him, the company had just set up a partnership to create sharia products with National Sharia Council (DSN) last December.