Jakarta Islamic Index is a sharia-based stock index in Indonesia that was first launched on July 3, 2000 in the capital stock market. It is abbreviated as JII, which is one of the sharia stock indices besides ISSI and JII70. In this modern era, more and more people are interested in becoming stock investors, moreover many companies are selling their stock prices cheaply. However, maybe some of you still don't know about sharia stocks and their companies. In this article, GIC Jurnal will provide interesting information for you to read about the Jakarta Islamic Index. Check out the information below. 

 

Table of Contents

 

jakarta islamic index
jakarta islamic index

 

Definition of Sharia Stocks

 

Before we get into the core discussion, it's a good idea to know the meaning of sharia stocks first. According to the Indonesia Stock Exchange website, sharia stocks are securities that are in accordance with sharia principles in the capital market. There are several conditions for stocks to be categorized as sharia stocks. The most basic thing is that the company concerned does not carry out gambling business activities, so it does not cooperate directly with banks that have elements of usury or interest. So that these requirements can be used as a condition to join the Jakarta Islamic Index (JII). 

Differences between JII, JII 70 and ISSI

 

  • Number of sharia shares

One of the differentiators between the three Indonesian sharia stocks lies in the number of shares they own. JII has around 30 sharia stocks with high liquidity and is listed on the IDX. Meanwhile, ISSI itself has an average of shares that they own have been listed on the IDX and are not pegged to the number of shares. For sharia stocks in JII 70, there are around 70 high-liquidity stocks that are also listed by the IDX. 

 

  • Date of establishment

Jakarta Islamic Index was established on July 3, 2020 and became the first sharia stock in Indonesia. In contrast to the ISSI index which was established on May 12, 2011, and on the other hand there is JII 70 which is still 5 years old because it was established on May 17, 2018.

 

Stocks Included in the Jakarta Islamic Index

 

The following is a list of sharia securities of the Jakarta Islamic Index 2022-2023 that have good financial performance and relatively high liquidity.

 

  1. PT Ace Hardware Indonesia Tbk (ACES)
  2. PT Adaro Energy Indonesia Tbk (ADRO)
  3. PT Bank Syariah Indonesia Tbk (BRIS)
  4. PT XL Axiata Tbk (EXCL)
  5. PT indofood CBP Sukses Makmur Tbk (ICBP)
  6. PT Mitra Keluarga Karyasehat Tbk (MIKA)
  7. PT Surya Citra Media Tbk (SCMA)
  8. PT Kalbe Farma Tbk (KLBF)
  9. PT Indocement Tunggal Prakarsa (INTP)
  10. PT Unilever Indonesia Tbk (UNVR)

Advantages of sharia stocks

Gains and price differences

 

Gain is the profit obtained from the action of investors when selling shares in a certain period of time. Investors understand very well that stocks tend to have high volatility, so it is not uncommon for stocks to also be at a certain price which makes investors will gain or even lose.

 

Dividen

 

In stock ownership, investors give part of their assets for the purpose of buying company shares. Of course, in this case, the company will give some of their profits and give them to the shareholders as a form of reciprocity. The decision to distribute the company's profits is then conveyed thoroughly and in detail, from the total profits obtained by the company to the profits that will be distributed to stock investors. 


Also Read :

What is Capital Gain? Definition, Examples, and Formulas

What is Dividend? How to Calculate and Procedure

 

Disadvantages of Sharia Stocks

Loss from price difference

 

If one of the benefits of investing in sharia stocks is that you can make gains, then the risk of sharia stocks is the loss of the difference in stock price. Loss is the opposite of gain, where loss is the loss or risk experienced by investors in the stocks they choose. This is what makes it different from investing in common stocks.


Lack of stock promotion

 

Actually, ordinary stocks and sharia stocks both have a good reputation. However, most people know more about common stocks compared to sharia stocks, so this is the reason that sharia stocks are not as popular as ordinary stocks.
Thus the article about the Jakarta Islamic Index, Update and other interesting information in the GIC Journal every day to find out tutorials and articles about forex. Trade on GIC using an ECN account to enjoy trading with low spreads starting from zero!

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