Indonesia launches Sharia-compliant Gold ETF to expand bullion market
Indonesia's Financial Services Authority (OJK) and stock exchange operators have launched a Sharia-compliant Gold Exchange-Traded Fund (ETF) in Jakarta, with officials describing it as part of efforts to expand the nation's bullion market and improve capital sector liquidity. OJK Board of Commissioners Chairwoman Friderica Widyasari Dewi said the bullion market expansion is a "quick win" within the regulator's eight action plans. The new Gold ETF allows investors to track gold price movements on the Indonesia Stock Exchange (IDX) without needing to physically store the metal. The instrument follows Islamic financial principles under a fatwa issued by the National Sharia Council... [Continue Reading]
Breaking-360LiveNews | 10 Aug 2026 17:00 LONDON
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