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The market trends of Islamic investment funds in Indonesia

By Farouk Abdullah Alwyni The Islamic investment (portfolio) funds, known in Indonesian terms as Reksadana Syariah, started in 2003. Reksadana generally consists of Shariah compliant shares, Sukuk, and Shariah compliant deposits and/or Islamic money market...

The potential of corporate Sukuk in Indonesia

By Farouk Abdullah Alwyni The Indonesian Financial Service Authority, known by its Indonesian abbreviation as OJK, recently stated that it plans to study the possibility of developing rules, regulations and procedures for the issuance of retail corporate Sukuk. The...

The first Indonesian Shariah bank going for IPO

Panin Bank Shariah (PBS) recorded itself as the fi rst Indonesian Shariah bank to launch an IPO and list its shares at the Indonesia Stock Exchange (IDX). On the 30th December 2013 it offi cially received the declaration of eff ectiveness from Indonesia’s Financial...

Promoting further Islamic economy in Indonesia

By Farouk Abdullah Alwyni The growing awareness related to the implementation of Islamic economy in Indonesia seems to have gathered further momentum with the latest major national gathering on the 17th November 2013 taking place at the historical national monument,...