Over the last fi ve years, the market share of the Indonesian Islamic insurance industry has increased steadily to 4.2% in 2012 from 2.13% in 2008, according to the latest available offi cial data. The increase is indeed relatively slow as compared to Indonesia’s...
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...
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...
Major areas of the Indonesian Islamic finance industry are Islamic banking, Islamic capital markets (including Sukuk and Shariah compliant equities), and Islamic insurance. There are other Islamic financial players such as Islamic multi-finance company, Islamic rural...
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...
