Capital market investors in Indonesia are getting younger. Considering this condition, SBM ITB and the Center for Islamic Business and Finance (CIBF) held a sharia capital market seminar for students and millennials on Saturday (3/9/2022).
The seminar invited four speakers: Andry Wicaksono (Financial Services Authority/OJK staff), Mohamad Ibrahim (Program Executive of The Indonesia Capital Market Institute), Axel Efraim (Financial Mentor Bibit), and Oktofa Yudha Sudrajad (Director of CIBF SBM ITB).
According to Andry Wicaksono, nearly 60 percent of Indonesian capital market investors are under 30 years old. This is good news. Young people are now more investment literate.
Andry also added that the Islamic capital market is now growing. Sharia share assets grew by 10.87%, Sharia mutual fund assets by 40.08%, outstanding corporate Sukuk by 2.02%, and outstanding state Sukuk increased to IDR. 1,245.13 trillion.
Meanwhile, Mohamad Ibrahim, Program Executive of TICMI, explained the certification and education program regarding the Islamic capital market. Education about the Islamic capital market also develops with the development of the Islamic capital market.
Axel Efraim, Seed’s Financial Mentor, explained that the Bibit application can filter out sharia mutual funds in its application. If the user only wants to buy sharia products, Bibit will hide non-sharia products.
Meanwhile, Oktofa Yudha Sudrajad elaborated the role sof the Islamic capital market in development. Indonesia itself has a large capacity to capture global sharia economic opportunities. Indonesia is currently the fourth in the world in the Global Islamic Economy Indicator Score (GIEI).