ISLAMIC CAPITAL MARKET

ROADMAP
Presented by

Nurhaida
Chief Executive of Capital Market Supervision
Jakarta, 12 November 2015
 Proportion of Islamic Product
Market Share of Islamic Capital market (ICM) Products
Period of 2010 – 2015 (30 October)

Islamic Securities 2010 2011 2012 2013 2014 2015

Islamic Stocks n.a. 55,64% 59,40% 60,63% 56,37% 54,81%

Islamic Mutual Funds 3,51% 3,31% 3,79% 4,90% 4,65% 4,08%

Corporate Sukuk 5,06% 3,85% 3,54% 3,34% 3,08% 3,31%

Sovereign Sukuk 4,17% 6,55% 9,14% 10,19% 10,67% 12,41%

 Vision

To
be
islamic
capital
market
providing

significant
contribu6on
to
na6onal

economy,
promo6ng
fairness,
and

protec6ng
public
interests

 Missions
  To promote islamic capital market as a source
of funds for public and private sectors, as
well as investment choices for public

  To promote islamic capital market which is

growing, stable, sustainable, and accountable

  To create qualified and trustworthy human

resources in islamic capital market
 Development Strategies of
Islamic Capital Market (ICM) Industry
Strengthening regulations for products,
REGULATION
REGULATION institutions, and professions related to ICM

Promoting supplies and demands of ICM

PRODUCTS products

Developing human resources and

HR & IT information technology of ICM

PROMOTION Promoting and educating ICM

Coordinating with government and related

COORDINATION regulators in order to create synergized
policies of ICM development
 I. Strengthening Regulation
Regulation for Regulation for
Regulation for
Incentives for supporting Islamic
Islamic Securities
ICM Products institutions and Securities
Issuance
professions Trading

• Islamic REITs • Discount on • Regulation on Research on:

OJK levies islamic • Islamic margin
experts trading
• Mutual fund • Relaxation • Islamic REPO
based on on islamic • Regulation on
foreign mutual fund islamic
islamic portfolio investment
securities management
portfolio
II. Promoting Supplies and Demands
Encouraging
Developing
Product islamic Broadening
Supporting
Development Securities Investor Basis
Infrastructure
Issuance

• Municipal • Increasing • Mapping • Enhancing

sukuk islamic Potential liquidity of
securities local sukuk
issuance by investor market
financial
• Sukuk rating institution • Broadening • Encouraging
methodology investment SOTS and
access islamic index
III. Developing Human Resources and IT
Improving quality and Developing information
quantity of ICM human technology
resources infrastructure

• Educating • Designing
market players application of
islamic stock
screening
• Facilitating
Certification • Building risk
for islamic based
experts supervision of
ICM
 IV. Promotion and Education
Promoting
Cooperating with
Socializtion and Indonesia ICM to
Promoting ICM higher-education
Education international
institution
market

• Creating ICM • Massive • Including • Promoting

branding via socialization ICM material cooperation
logo and to public in higher- with overseas
tagline education regulators
curriculum
• Massive • TOT for • Participating
socialization lecturers in
to education international
institution events
V. Coordinating with Government and Regulators

Coordinating with Coordinating with islamic

government and banking and islamic non
regulators banking sectors

• Taxation policy • Strengthening

banks and non
• Liquidity of sukuk banks roles in
market developing Islamic
capital market
• Promotion and
education