Jump to content

User:IDXControl

From Wikipedia, the free encyclopedia

Overview

[edit]

The Jakarta Islamic Index (JII) is a stock market index established on July 3, 2000 on the Indonesia Stock Exchange (IDX) to help facilitate the trading of public companies according to Syariah business code. Following Islamic law prohibits a company from involving itself in activities related to gambling, speculation, and traditional banking and financing. The JII may not list equities that produce or distribute food, drink, or morally harmful items that stand in contradiction with Islamic values.

Considerations for the JII must meet procedural standards as well as performance requirements, such as:

  • The share must be listed on the exchange for at least three months prior to application.
  • The company’s annual or mid-year financial report must have an Obligation Asset ratio of no more than 90%.
  • Rank in the top 60 shares based on the previous year’s average Market Capitalization.
  • Rank in the top 30 shares based on the previous year’s average liquidity in the regular market.

A re-evaluation of the listed share will be held every six months, once in January and again in July.

Components

[edit]

As of June 2008, the Jakarta Islamic Index contained 30 pubicly traded companies:

  1. Bumie Resources Tbk
  2. Aneka Tambang Tbk
  3. Telekomunikasi Indonesia Tbk
  4. Tambang Batubara Bukit Asam Tbk
  5. Bakrieland Development Tbk
  6. Bakrie Sumatra Plantations Tbk
  7. International Nickel Indonesia Tbk
  8. Timah Tbk
  9. Indo Tambangraya Megah Tbk
  10. United Tractors Tbk
  11. Astra Agro Lestari Tbk
  12. Sampoerna Agro Tbk
  13. PP London Sumatera Tbk
  14. Truba Alam Manunggal Engineering Tbk
  15. Elnusa Tbk
  16. Kawasan Industri Jababeka Tbk
  17. Semen Gresik Tbk
  18. Lippo Karawaci Tbk
  19. Ciptura Development Tbk
  20. Media Nusantara Citra Tbk
  21. Kalbe Farma Tbk
  22. Ciptura Property Tbk
  23. Wijaya Karya Tbk
  24. Unilever Indonesia Tbk
  25. Bisi International Tbk
  26. Sentul City Tbk
  27. Indocement Tunggal Prakasa Tbk
  28. Alam Sutera Realty Tbk
  29. Global Mediacom Tbk
  30. Total Bangun Persada Tbk

References

[edit]
  • IDX, Syariah Products, retrieved 2008-08-11
  • IDX, Jakarta Islamic Index, Peng-133/BEI.PSH/U/06-2008 (PDF) {{citation}}: Unknown parameter |accesdate= ignored (|access-date= suggested) (help)