Syariah Stock Volume Increased by 15.37% in Period II of 2021

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Monavia Ayu Rizaty 13/04/2022 15:30 WIB

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According to the Financial Services Authority (OJK) report, the number of sharia-compliant stocks in the two-year period of 2021 reached 503. This represents a 15.37% increase compared to the same per

Number of Sharia Compliant Stocks in the Sharia Securities List (2019-2021)

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Syariah Stock Volume Increased by 15.37% in Period II of 2021

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Number of Sharia Compliant Stocks in the Sharia Securities List (2019-2021)

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Syariah investment continues to show a positive trend. This is inseparable from the government's efforts to improve financial literacy, especially for syariah investment.

This positive trend can be seen from the increasing number of syariah stocks year by year. According to a report from the Financial Services Authority (OJK), the number of syariah stocks in the 2021 period reached 503. This number increased by 15.37% compared to the same period the previous year, which was 436 stocks.

Several stock indices that provide syariah stocks in the Indonesian capital market include the Jakarta Islamic Index (JII), IDX-MES BUMN 17, the Indonesian Sharia Stock Index (ISSI), and the Jakarta Islamic Index 70 (JII70).

The criteria for syariah stocks in Indonesia vary. Some of them, for example, do not operate businesses that contradict sharia principles (such as conventional financial services and alcoholic beverages).

Furthermore, the interest-based debt ratio must not exceed 45% of the company's total assets. The trading mechanism and transaction methods are also different, namely using the *Sharia Online Trading System* (SOTS).

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Editor : Annissa Mutia

"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."