Indonesian shariah index places the record of highest growth of the world. In term of year to date, september 20th,2016 the growth of indonesia shariah is 20%. It is the highest of the world compared to the other global market.
Head of islamic capital market development of indonesia exchange(IDEX) irwan abdalloh stated that for past five years, indonesia shariah stock exchange has grown by 43% and JCI index 41%.
The growth of islamic capital market asset for two years indicates negatively declining 2.3% from $370.5 billion in 2014 to $361.9 billion in 2015.
In terms of the composition of Islamic mutual funds irwan said, Saudi Arabia has its share up to 40%, while bonds in the world's most widely owned by Malaysia which is 61% of the total sukuk in the world.
The number of Islamic investors in Indonesia still reached 8,580 investors in July 2016. Meanwhile, the market capitalization of sharia per 26 September 2016 reached Rp3.228 trillion, while stock market capitalization reached Rp5.776 trillion.
Irwan revealed to increase the capitalization of the Islamic capital market then it did schools of Islamic capital market (SPMS), syariah online trading system (sots), a gallery of Islamic investment and schools of Islamic capital market (SPMS).
Currently, sots derived from the fatwa No. 80. He expressed sots prohibit conduct stock transactions are not sharia, transactions margin trading, short selling transactions, basic cash transaction and a separate sharia share portfolio.
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