Syariah-Based Stock Index Outperforms Conventional Stocks

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22/09/2016 13:39 WIB

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Growth of the Jakarta Composite Index (JCI) (January 4 - September 21, 2016)

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Syariah-Based Stock Index Outperforms Conventional Stocks

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Growth of the Jakarta Composite Index (JCI) (January 4 - September 21, 2016)

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The Sharia-compliant stock price index recorded the highest increase compared to other conventional stock indices. Data from the Indonesia Stock Exchange shows that the Jakarta Islamic Index (JII) closed at 741.46 on September 21, 2016, a 25.2 percent increase from its January 4, 2016 position of 592.11. This increase was the highest compared to stock indices compiled by other institutions or media. Furthermore, the growth of this Sharia stock index also outperformed the Composite Stock Price Index (IHSG) and the LQ45 index.

In second place, the Indonesia Sharia Stock Index (ISSI), also based on Sharia stocks, rose 23.85 percent during the period from January 4 to September 21, 2016. Meanwhile, the SMinfra18 index, which comprises 18 infrastructure stocks, recorded the lowest increase at 12.48 percent.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."