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2/26/11

Indonesia Sharia Need Expand Stock Index?

JAKARTA-Organisation of Islamic Conference (OIC) plans toissue Islamic stock index in order to expand the list of Islamic stockindex that already exists in the global capital markets. Issuance ofIslamic stock index aims to boost Islamic investments issued by 57 countries members of the OIC.

Islamic Economics expert from the Indonesian BankingDevelopment Institute (LPPI), Arie Mooduto, welcomed the steps taken by the OIC. According to Ariel, the Indonesian governmentneeds to replicate autonomously in the aggressiveness of the OICIslamic selling shares in the capital market.
Issuance of Islamic stock index, Arie said, is the instrumentneeded to demonstrate the existence and acceleration sharessharia in world financial markets. "What the OIC is very positiveand it needs to emulate the Government of Indonesia," said Arietold Republika, earlier this week.

It is said, the OIC step actually motivated a great opportunity toboost the investment value of the shares of sharia in the world. OICconscious, as the second largest organization in the world after the Association of Nations (UN), attention to Islamic equity investmentshould be an institution that has credibility and influence in the world.
In a smaller scale, continued Arie, Indonesia actually has a prettypowerful potential for a bigger role in the Islamic financial world. As a country with the world's largest Muslim majority and the positiveeconomic growth in Asia, Indonesia should be a top leader in the Islamic financial industry. "At least in the areas of ASEAN."
Arie said the development of Islamic finance in the world areshowing an increasing trend. Not impossible economic strengthparallel sharia will compete with conventional economic power.The potential is so great it was Singapore who wants to be ogledsubekonomi Islamic countries in the world. "Well, Indonesia should not only be spectators," said Arie.
Among the Indonesia ways you can do to be more involved inIslamic economics is to issue policies, which fueled the growth of Islamic equity investment in thethe stock market . So far, there isonly one Islamic stock index in Indonesia Stock Exchange (BEI), theJakarta Islamic Index (JII). "Supposedly, there are more Islamicstock index was introduced in the capital market. Not only JII. "
Thus, continued Ariel, investors from home and abroad will give more attention to thethe movement of of Islamic shares in BEI . "If we had the attention, of course, investors will be fair to considerwhere they can be poured into the capital it has,"said Arie.
source:bursa.ariefew.com/

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