As the most populous Muslim country in the world, Indonesia is in a unique position to provide sharia-compliant financial products and services to its citizens and to an international customer base.
As the most populous Muslim country in the world, Indonesia is in a unique position to provide sharia-compliant financial products and services to its citizens and to an international customer base.
In recent years authorities at the Indonesian Stock Exchange (IDX) and government officials have made a concerted effort to attract new listings to the country’s bourse. With 529 total listed companies as of the first half of 2016, the IDX is among the smallest exchanges in the region by number of market participants, despite Indonesia’s...
Two types of asset-backed securities (ABS) can be listed on the Indonesia Stock Exchange (IDX): a collective investment contract of asset backed securities (CIC-ABS), and asset-backed securities in the form of participatory certificates (ABS-PC). DEFINITION A CIC-ABS is an agreement between an investment manager and a custodian bank that binds...
While 2015 was widely regarded as a rough patch for Indonesia’s capital markets, on a medium- and long-term basis the market has posted significant growth. From 2005 through to the end of 2015, the Jakarta Composite Index (JCI) – the market benchmark for the Indonesia Stock Exchange’s (IDX) – rose around four-fold, or 15% per annum, according...
As the largest economy and home to the largest population among the 10 ASEAN member states, Indonesia is considered to be a driving force behind the establishment of the ASEAN Economic Community (AEC), which formally launched in 2015. The AEC project, which has been under way since the mid-2000s, aims to integrate the region into a single...
Home to around Rp617trn ($45bn) in Islamic financial assets as of the end of 2015, according to data from the Financial Services Authority (OJK), Indonesia’s sharia-compliant financial services segment is widely considered to be on a growth path. Indeed, in terms of total assets, the Islamic segment posted a compound annual growth rate of 24%...
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