Indonesia’s Financial Services Authority Prepares 2020-24 Islamic Capital Market Road Map

Indonesia’s Financial Services Authority (OJK) has prepared a new strategy for its Islamic Capital Market Roadmap for 2020-24, following the satisfactory implementation of its previous roadmap spanning 2015-19, according to local media reports.

Hoesen, Executive Head of the Capital Market at OJK, said that although the Islamic capital market sector in Indonesia had a relatively minor market share, it continued to grow at an acceptable rate each year. Hoesen added that innovation and rapid adaptation were imperative for accelerated growth of the Islamic capital market industry.

The roadmap strategy over 2020-24 is aimed at developing and strengthening four core Islamic capital...