IslamicFinance.de

The Indonesia Stock Exchange (IDX) will hold a Sharia Capital Market Exhibition at the IDX building in Jakarta from March 30 to April 2, as part of an effort to attract more investors to sharia products in the capital market. IDX development director Nicky Horgan said the exhibition was aimed at increasing people's knowledge about capital market products, especially sharia-compliant stocks. The IDX aims for 5,000 new sharia investors this year, a 100 percent increase from 2014. The four-day festival supported by the Financial Services Authority (OJK) will feature 44 companies, including sharia and sukuk issuers, investment managers and securities companies, and is expected to attract 6,000 visitors.

DIB, the oldest sharia lender in the world, has now officially acquired shares within publicly listed lender Bank Panin Syariah from owner, Panin Bank. The statement was submitted to the Indonesia Stock Exchange shows Panin’s stake declining to 64.01 percent from 87.51 percent. Panin vice president Roosniati Salihin confirmed the deal.