Indonesia’s Shariah Capital Stock Market is Rapidly Growing with Increased Interest From Investors; IDX

Inarno Djajadi, President Director of the Indonesia Stock Exchange (IDX) stated that the Islamic capital market of Indonesia is rapidly growing at present and it is closely followed by capital market investors in large numbers.

Why it Matters?

The IDX has made Indonesia an increasingly popular investment destination amongst Indonesia’s public, having received the award for The Best Islamic Capital Market at the Global Islamic Finance International award event for the past two years. According to the IDX, the number of Indonesia’s Shariah shares have increased to 440 shares (59.5% of total shares), a growth of 32.9% from 2016 to 2021. Thus, in 2021 the number of Shariah investors has increased to 100,000 from 531 in 2017, an increment of 18...