Indonesia has a big potential for becoming the center of investment product based on sharia, as well globally or regionally area. During this years, the development of sharia investment product particularly in the stocks market shows the significant progress. The Indonesia sharia stock index scored developing number 20% per 20 September 2016. It’s becoming the highest number in appeal to others global sharia stock.

Head of Islamic Capital Market Development of Indonesia Stock Exchanges, Mr. Irwan Abdallah said in this 5 years, the index of Indonesia sharia stock growth to 43%, while the composite stock price index (IHSG) appeared in 41%. Besides, there were 306 stocks included to the List of Sharia Securities (DES) per June 2016, which is 53% from the entire exchange listed.

As written in National Sharia Council of Majelis Ulama Indonesia (DSN-MUI) fatwa’s number 80/DSN-MUI/III/2011 about the Application of Sharia in Equity Securities Trading Mechanism in the Regular Stock Exchange is expected to lure investors into the capital market. Therefore, it’s no doubt about the stock transaction sharia law so that the Islamic capital market is getting rooted.

Chairman of the National Board of Zakat (BAZNAS) the Republic of Indonesia, Prof. Bambang Sudibyo said BAZNAS takes the role to push the Sharia Stock Exchanges in the middle of conventional stocks market. This drives through the cooperation between BAZNAS and PT. Henan Putihrai, one of securities firms serving purchase of conventional and sharia share and has certified by DSN-MUI. This securities firm will gives 5% zakat pay to BAZNAS, resulting from the net fee of Transaction Sharia Securities Trading Account Customer. "BAZNAS support Islamic securities exchanges to rise; The cooperation is a great breakthrough. Hopefully this (cooperation) can be contagious and imitated by other companies members of the Indonesian stock exchange, " Prof. Bambang said. (PUSKAS NEWS/ puskasbaznas.com)