Bahana TCW Set to Launch Innovative Shariah-Compliant Gold ETF

Addressing Growing Demand for Gold Investments

Bahana TCW Investment Management is on the verge of launching a groundbreaking financial product - a Shariah-compliant gold Exchange Traded Fund (ETF). This development represents a significant milestone in Indonesia's investment landscape, catering to the increasing appetite from both retail and institutional investors for sophisticated gold investment vehicles.

Key Features and Collaborating Institutions

The gold ETF product involves a collaboration between six major financial institutions:

1. Bahana TCW as the Investment Manager
2. PT Mandiri Sekuritas as the Participating Dealer
3. PT Bank CIMB Niaga Tbk as the Custodian Bank
4. PT Pegadaian (Persero) as the Gold Provider
5. Bursa Efek Indonesia (BEI) - Indonesia Stock Exchange
6. Kustodian Sentral Efek Indonesia - Indonesia Central Securities Depository

Market Opportunity and Investor Benefits

According to Rukmi Proborini, President Director of Bahana TCW, this product is designed to address the growing demand for accessible and professionally managed gold investment instruments. The Shariah-compliant gold ETF is expected to provide investors with a liquid and transparent investment vehicle that tracks the price of gold while adhering to Islamic investment principles.

Significance in Indonesian Financial Market

The introduction of this Shariah-compliant gold ETF comes at a time when Indonesian investors are increasingly seeking diversified investment options that combine traditional value stores like gold with modern investment structures. By offering a product that is both Shariah-compliant and exchange-traded, Bahana TCW is tapping into a growing segment of investors looking for religiously compliant investment opportunities.