Indonesia Economy

Although Indonesia has the world’s largest Muslim population, it trails many other markets in terms of uptake, awareness and product innovation in Islamic capital markets. As of the end of May 2015, only 3.3% of corporate bonds and 11.8% of government bonds by value were sharia-compliant. By contrast, in Malaysia half of all debt issued meets Islamic standards.

THE COMPANY: Kalbe Farma (KLBF) was established in 1966 in a humble garage house in North Jakarta by six siblings: Khouw Lip Tjoen, Khouw Lip Hiang, Khouw Lip Swan, Boenjamin Setiawan, Maria Karmila and F Bing Aryanto. For over 40 years, the company has been aggressively expanding its business, both organically and through strategic...

THE COMPANY: Mitra Adiperkasa (MAPI) claims itself as the number-one lifestyle retailer in Indonesia. As of 2014, MAPI had 1931 retail outlets located in 64 Indonesian cities, with a portfolio of over 150 international brands and 111 retail concepts. The company divides its business into four major segments: retail (clothes, sports...

THE COMPANY: Mitra Keluarga Karyasehat (MIKA) is the second-largest private multi-speciality hospital group in Indonesia in terms of number of hospital beds (in 2013), according to Frost & Sullivan. The company network consists of 11 hospitals (Bekasi Barat, Bekasi Timur, Cibubur, Cikarang, Depok, Kelapa Gading, Kemayoran,...

THE COMPANY: Telekomunikasi Indonesia (TLKM) is a state-owned company which provides telecommunications, information, media and edutainment, as well as information and technology services. The company was founded in 1856, and went public for the first time in November 1995, both on the Indonesia Stock Exchange as well as the New York...