IDX Targets Sharia Capital Market To Grow 10 Percent In 2023

Photo: Doc. Antara

JAKARTA - The Indonesia Stock Exchange (IDX) targets Indonesia's Islamic capital market performance to grow by 10 percent year on year (yoy) in 2023.

The Head of the Sharia Capital Market Division of the IDX, Irwan Aballoh, in Journalist Education Regarding the performance of the Sharia Capital Market, said that the 10 percent yoy growth target includes transaction value, total volume of total trading frequency, and the number of investors.

"So I hope that not only investors will increase but this will return to that, I think so, the target is both the corporate, 10 percent of all (investors, values, volume and frequency of transactions)," said Irwan. quoted from Antara, Tuesday, March 14.

Until the end of 2022, his party explained that the total value of Islamic stock transactions reached Rp. 10.1 trillion and the total volume of trade reached 29.9 shares.

Then, the total frequency of sharia stock trading reached 2,664 and the number of investors reached 117,942 investors. "In 10 years, Islamic investors grew 22.89 percent," said Irwan.

To date, his party has recorded 510 shares in the category of sharia shares or 64 percent of the total shares on the IDX.

Then, market capitalization reached IDR 4,786 trillion or 50 percent of Indonesia's total capital market capital capital capital capital capital capitalization.

Furthermore, corporate sukuk was recorded at 221 with a value of IDR 42.49 trillion and mutual Islamic funds were recorded at 274 with a value of IDR 40.6 trillion.

Furthermore, his party said as many as 78,400 investors or covering 67 percent spread across Java Island with a total transaction value of Rp8.37 trillion.

Then, as many as 20,893 investors or 18 percent of Sumatra Island with a transaction value of Rp964 billion, followed by the island of Borneo as much as 9,350 or eight percent with a transaction value of Rp308 billion.

Furthermore, as many as 6,080 investors or five percent of the islands of Sulawesi, Maluku and North Maluku with a transaction value of Rp379 billion, and as many as 2,111 investors or two percent of the islands of Bali, NTB, NTT, Papua and West Papua with a transaction value of Rp90 billion.