OJK plans to create a new Islamic capital market roadmap for the next five years

March 19, 2019, 09.30 AM  | Reporter: Intan Nirmala Sari
OJK plans to create a new Islamic capital market roadmap for the next five years


ISLAMIC CAPITAL MARKET - JAKARTA. Implementing a roadmap since 2015, the Financial Services Authority (OJK) is optimistic that the Islamic capital market literacy can grow positively in 2019. OJK Sharia Capital Market Director Fadilah Kartikasari said there were five directions taken by OJK from 2015 to 2019.

The first direction, OJK strengthens the rules of products, institutions, and professions related to the Islamic capital market. Second, OJK increases capital market supply and demand.

Develops human resources and information technology is the third direction. Fourth, OJK promotes and educates the public about the Islamic capital market.

"The final direction, we coordinate with the government and regulators, to create a synergy of policy development of the Islamic capital market," said Fadilah, Monday (18/3).

Since the roadmap will end this year, OJK plans to create a new roadmap for the next five years. Fadilah explained, the process of making the roadmap was still under review.

In the process of reviewing it, OJK saw the need for the Islamic capital market industry in the next five years. Thus, the highest authority in the financial sector hopes that the performance of the Islamic capital market industry can increase.

Fadilah continued, the roadmap set for 2015 to 2019 is still relevant to be applied. "Alhamdulillah, the trend is positive; it is still increasing. What is important is, what are the challenges now? Maybe it is different from the former," he explained.

Fadilah said, one of the focuses of OJK is now reaching potential investors through social media. Social media will become a priority tool to educate and socialize. "The cost is more efficient, effective, and reduces HR," he said.

Editor: Hasbi Maulana

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