BEI Wins Global Islamic Finance Award
By : Herry Barus And Aldo Bella Putra | Sunday, September 10 2017 - 22:00 IWST

Bursa Efek Indonesia (Foto Rizki Meirino)
INDUSTRY.co.id - Jakarta - Indonesia Stock Exchange again won "The Best Supporting Institution for Islamic Finance of the Year 2017" award from Global Islamic Finance Award.
Head of Communication Division of BEI Yulianto Aji Sadono in an official statement in Jakarta, Sunday (9/10/2017) suggests that BEI is the only institution from Indonesia who received the award from GIFA for two consecutive years.
"This award is a benchmark for Indonesia to show that the Indonesian Sharia Capital Market has been able to compete at the international level," he said.
The award was handed over directly by Edbiz Consulting CEO Sofiza and received directly by IDX President Director Tito Sulistio in China on Saturday (9/9).
The award, she added, is inseparable from the role of BEI which consistently encourages Indonesia's sharia capital market industry to continue to advance and develop with world-level credibility, in accordance with the vision and mission of the company.
She said that GIFA is one of the international awards in the world's sharia financial industry organized by EdBiz Consulting, headquartered in London. GIFA 2017 is the seventh throughout the award.
Yulianto Aji Sadono explained that since its establishment in 1997, Syariah Capital Market Indonesia currently has two syariah indices namely Sharia Islamic Index (ISSI) and Jakarta Islamic Index (JII), 342 sharia shares, 16 fatwa from National Sharia Council Majelis Ulama Indonesia (DSN-MUI), nine Regulations of the Financial Services Authority (OJK), and one State Sukuk (SBSN) Law.
In addition, he continued, Syariah Capital Market Indonesia also has 12 Exchange Members who have syariah online trading system (Syariah Online Trading System / SOTS), and four types of Sharia Securities (Sharia Shares, Sukuk, Syariah Mutual Funds, Exchange Traded Fund Syariah ).
By trade percentage, he also said that stock transactions in BEI dominated by sharia-based stocks. As much as 62 percent of the total shares traded on the IDX are sharia-based stocks, or about 55 percent of the market capitalization on the Stock Exchange.
In terms of volume, value, and frequency of transactions, he added, sharia-based stocks in the last five years (2011- August 2016) are much higher when compared with non-syariah stocks.
"The average sharia transaction volume growth is 167.2 percent compared to 130 percent non-sharia," he said.
He said BEI expects the sharia capital market industry to be a safe investment alternative especially for Indonesian people who want to invest in accordance with syariah principles and principles, and can contribute real and optimal in the growth and development of a sustainable national economy.
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…
News Comment