CAPITAL MARKETS - Islamic securities attract more interests - Islamic stock trading infrastructure needs to develop

JAKARTA: Indonesia Stock Exchange (BEI) is responding to investors\' huge interests in the Islamic capital market by considering grouping 198 Islamic stocks into one special index group.

Director of Development at BEI Friderica Widyasari Dewi revealed BEI wanted to develop the Jakarta Islamic Index (JII) to not only cover 30 blue-chip Islamic stocks.

EVENTS - IDX and MES - Seminar “Shariah Based Capital Markets as Alternative Investment”

Indonesia Stock Exchange (IDX) cooperated with the Society for Islamic Economy (MES) to organize Monthly Seminar of the Society for Islamic Economy entitled “Shariah Based Capital Markets as Alternative Investment”. The event aimed to increase public’s knowledge on shariah capital markets as an alternative for investment.

Seen in the picture (left to right): Ito Warsito (President Director of IDX), Adiwarman Karim (Member of DSN – MUI), Iggi H. Achsien (General Executive Board of MES), Muhammad Touriq (Head of Shariah Capital Markets Policies Development, Bapepam-LK), Hasan Fawzi (Director of IBPA), Friderica Widyasari Dewi (Director of IDX) and Aries Mufti (Head of the MES Experts Board) at the  Monthly Seminar of the Society for Islamic Economy (MES) entitled “Shariah Based Capital Markets as Alternative Investment” held on October 20, 2010 at Graha Niaga, Jakarta.