Investment app Bibit has said that it is committed to advancing the sharia financial sector in Indonesia, particularly in terms of capital market investments.
“Sharia investments on Bibit and Stockbit have shown a consistent upward trend year over year,” PR and corporate communication lead for Bibit and Stockbit, William, said in a statement received in Jakarta on Friday.
“In response to this growth, the companies have introduced several innovative features to enhance the security and convenience of investing in sharia investment products,” he added.
Data shows that over one million investors on Bibit have enabled the sharia toggle, which allows them to invest exclusively in sharia-compliant instruments.
Furthermore, strong interest in sharia investments is evident, with more than 50 percent of Bibit’s users holding sharia investment products in their portfolios. On the product side, 30 percent of the mutual fund offerings available on Bibit are sharia products.
On the features side, after enabling investors to use Jago Customer Fund Accounts (RDN) for investments on Bibit and Stockbit, the platforms are now offering an enhanced sharia investment experience with RDN Jago Syariah.
RDN Jago Syariah allows investors to seamlessly invest across various asset classes, including sharia mutual funds, sharia SBN, and sharia stocks.
“RDN Jago Syariah can be used as a payment method for investing in sharia SBN. Additionally, a new feature now notifies all investors using RDN Jago Syariah if any sharia stocks in their portfolio are removed from the sharia index,” William said.
He informed that in 2024, the investment platform was the SBN distribution partner that recorded the highest number of new SBN investors.
With this achievement, Bibit became the only fintech-category SBN distribution partner to be awarded by the Ministry of Finance. It was declared the Best Retail SUN Distribution Partner 2024 and Best Retail BSN Distribution Partner 2024, both in the fintech category.
In terms of community collaboration, Bibit has held multiple educational sessions with sharia investment communities, including partnerships with Universitas Islam Negeri (UIN) Sultan Maulana Hasanuddin (SMH) Banten and a pesantren (Islamic boarding school) in Demak, Central Java.
Meanwhile, to broaden public awareness and education about sharia investments, Stockbit has established several investment galleries to intensify efforts to boost capital market education and literacy.
These initiatives are not only focused on Java but also aim to reach communities beyond the Java island.
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Reporter: Azis Kurmala
Editor: Rahmad Nasution
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