Update on the growth of Shariah compliant equities in Indonesia
The growth of market capitalization of Shariah compliant stocks up until November 2016 was very favorable. The market capitalization of two Islamic indices in the country, the Jakarta Islamic Index (JII) and the Indonesian Shariah Equity Index (ISSI in its Indonesian abbreviation), both grew twice as fast
as the market capitalization of all stocks traded on the Indonesian Stock Exchange (IDX) whose index is known in its Indonesian abbreviation as IHSG.
By Farouk Abdullah Alwyni