INVESTMENT - JAKARTA. Indonesia’s digital investment platforms, Bibit.id and Stockbit, demonstrate their commitment to advancing the Sharia financial sector in Indonesia, particularly in capital market investments.
Data reveals that over one million investors on Bibit have enabled the Sharia toggle, allowing them to invest exclusively in Sharia-compliant instruments. Furthermore, strong interest in Sharia investments is evident, with more than 50% of Bibit’s users holding Sharia investment products in their portfolios. On the product side, 30% of the mutual fund offerings available on Bibit are Sharia products.
“Sharia investments on Bibit and Stockbit have shown a consistent upward trend year over year. In response to this growth, the companies have introduced several innovative features to enhance the security and convenience of investing in Sharia investment products,” explained William, Bibit dan Stockbit PR & Corporate Communication Lead.
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On the feature side, after enabling investors to utilize Jago Customer Fund Accounts (RDN) for investments on Bibit and Stockbit, the platforms now offer an enhanced Sharia investment experience with RDN Jago Syariah. RDN Jago Syariah allows investors to seamlessly invest across various asset classes, including Sharia mutual funds, Sharia SBN, and Sharia stocks.
“RDN Jago Syariah can be used as a payment method for investing in Sharia SBN. Additionally, a new feature now notifies all investors using RDN Jago Syariah if any Sharia stocks in their portfolio are removed from the Sharia index,” William added.
William explained that throughout 2024, Bibit was the Distribution Partner for SBN with the highest number of new SBN investors. Thanks to this achievement, Bibit was recognized as the only fintech-category SBN Distribution Partner to receive an award from Indonesia’s Ministry of Finance in 2024. The honors include Best Retail SUN Distribution Partner 2024 in the Fintech Category and Best Retail BSN Distribution Partner 2024 in the Fintech Category.
In terms of community collaboration, Bibit has conducted multiple educational sessions with Sharia investment communities, including partnerships with Universitas Islam Negeri (UIN) Sultan Maulana Hasanuddin (SMH) Banten and a pesantren (Islamic boarding school) in Demak, Central Java.
Meanwhile, to broaden public awareness and education about Sharia investments, Stockbit has established several Investment Galleries to intensify efforts in capital market education and literacy. These initiatives are not only focused on Java but also aim to reach communities beyond the Java island.
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Several of Stockbit’s Investment Galleries are the result of collaborations with PT Mega Harapan Mulia (Kelas.com), Universitas Lambung Mangkurat, Universitas Islam Negeri Antasari Banjarmasin, SMA Negeri 13 Banjarmasin, SMA Negeri 3 Banjarmasin, SMAN 1 Narmada Lombok, Universitas Pattimura Ambon, SMK Al-Wathan Ambon, SMA Kartika XIII-1 Ambon, SMA Negeri 4 Ambon, SMA Negeri 14 Ambon, and SMA Negeri 10 Ambon.
“We deeply appreciate the support of the Indonesia Stock Exchange (IDX), particularly its regional offices in West Nusa Tenggara, South Kalimantan, and Maluku. Moving forward, we welcome opportunities to collaborate with other regional offices.
On the other hand, the Financial Services Authority (OJK) has introduced the Indonesia Capital Market Roadmap 2023–2027, targeting over 20 million Single Investor Identifications (SIDs) by 2027. The various innovations and initiatives by Stockbit and Bibit are aligned to support the achievement of this goal,” William concluded.