JAKARTA - The Indonesia Stock Exchange (IDX) continues to encourage sharia-based stock performance. One of them is by increasing the number of stock exchange (AB) members who implement the online trading system for sharia (SOTS).
"We hope there will be 2-3 new AB SOTS," IDX Director Jeffrey Hendrik told reporters in Jakarta, Monday, January 2.
Jeffrey explained that currently there are 17 ABs that have implemented SOTS. That way, through the addition target that has been conveyed, AB SOTS on the IDX will be around 19-20.
Jeffrey also explained that the opportunity for sharia stock market growth is certainly very large. The stock exchange will also coordinate with Islamic capital market stakeholders so that the process of opening Islamic securities accounts will be easier with technology support.
In addition, as a reference for investors, of course, the Exchange also has a plan to launch an index related to sharia. "Hopefully this year it can be launched," added Jeffrey.
For information, the development of the Islamic capital market in 2022 is quite encouraging as reflected in the increase in the value of the Indonesian Sharia Stock Index (ISSI) and the value of the Islamic stock market capitalization year to date.
As of December 28, 2022, ISSI closed on 218.38 points, an increase of 15.53 percent compared to the position as of December 30, 2021, of 189.02 points.
Meanwhile, the market capitalization was recorded at IDR 4,801.27 trillion, an increase of 20.52 percent when compared to the position as of December 30, 2021, which was IDR 3,983.65 trillion.
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