Indonesia Stock Exchange Uses Four-Point Strategy to Develop its Islamic Capital Market

Indonesia Stock Exchange’s (IDX) Development Director, Hasan Fawzi, has suggested four ways in which the IDX continues to develop the country’s Islamic capital market. The four perspectives considered for this purpose comprise investors, instruments, infrastructure and social investing.

Fawzi noted that at present only 6% of Islamic stock investors open their accounts by using the Shariah Online Trading System (SOTS). IDX aims to strengthen its Shariah investor base and raise this figure to 10% through the design of education, literacy and inclusion programmes.

The development of Shariah securities and instruments will also be a key focus area. According to Fawzi, the Isl...