VP highlights hesitation among people to invest in sharia market

VP highlights hesitation among people to invest in sharia market

Vice President Ma'ruf Amin delivers a welcome speech during a webinar on Capital Market Investment in Islamic Perspective held virtually in Jakarta on Saturday, (September 11, 2021). (ANTARA/HO-Press, Media and Information Bureau of Secretariat of Vice Presiden (BPMI) /KT).

In the midst of the rising number of investors and the variety of sharia investment products available today, there are still some who hesitate to invest in the sharia capital market
Jakarta (ANTARA) - Vice President Ma'ruf Amin pointed to persistent doubts among members of the public regarding investment in sharia market, especially in the capital market sector, despite an increase in the number of available sharia investment products.

Amin made the statement during a webinar on Capital Market Investment in Islamic Perspectives held by the Faculty of Economics and Culture of the University of Indonesia (UI) virtually here on Saturday.

"In the midst of the rising number of investors and the variety of sharia investment products available today, there are still some who hesitate to invest in the sharia capital market," Amin noted from the Vice President's official residence in Jakarta.

Sharia capital market activities have been ongoing in Indonesia since 1997, initiated with the issuance of sharia mutual fund by PT Danareksa Investment Management, he pointed out.

Amin remarked that the government had strengthened sharia capital market activities by issuing a fatwa (statement) of the National Sharia Council of the Indonesian Ulema Council (DSN-MUI) No. 20/DSN-MUI/IV/2001 on guidelines for investment implementation for sharia mutual fund.

"Over time, the sharia capital market continues to grow with a variety of investment products and innovations, including sharia mutual funds, sharia stocks, and state sukuk (sharia bonds) and corporate's sukuk," the vice president expounded.

Hence, he appealed to all parties, including universities, to educate the community and boost literacy related to the halal (permissible in Islam) insights of sharia capital markets.

"It needs intensive socialization and dissemination of information to increase people's literacy and confidence related to the halal insights in the sharia capital market," he stated.

Amin also lauded UI's Faculty of Economics and Culture that held the webinar, as one of the endeavors to provide an understanding to the public on sharia finance and capital markets.

By increasing sharia capital market activities, the vice president is optimistic that development of the national sharia economy and finance would be stronger.

Related news: COVID-19 causes sharia capital market performance decline: VP
Related news: Joint innovation paramount to expanding sharia capital market: Amin
Related news: Ratifying ASEAN protocol can help expand sharia insurance market
 

Comments