OJK Launches Sharia Capital Market Roadmap

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  • Perbankan Syariah Minta Dukungan Pemerintah

    Perbankan Syariah Minta Dukungan Pemerintah

    TEMPO.CO, Jakarta - The Financial Services Authority (OJK) officially launched the sharia capital market roadmap for the period of 2015 to 2019. The map was created as part of the regulator's effort in accelerating the industry's growth using a well-planned, comprehensive, and measured development strategy.

    "The strategy will be implemented in Indonesia's Islamic capital market development over the next five years," said OJK chief executive for capital market supervision Nurhaida said when launching the roadmap.

    The event was also used to launch the new sharia capital market logo and tagline as part of the OJK's nationwide campaign to encourage the industry's growth.

    Some time ago, OJK capital market regulation director Gonthor Ryantori Aziz said they are publishing six new regulations (POJK) in 2015. The rules are related to the Islamic capital market, made to keep up with investors' increasing interest to place their money in Indonesia.

    The regulations cover, among others, basic sharia principles for the capital markets, rules of sharia stocks and Islamic bonds (sukuk), sharia-backed securities, and sharia mutual funds.