BRI-MI to Launch Sharia-Compliant Gold ETF Following New OJK Regulations

Strengthening Regulatory Framework for Commodity-Based Instruments

The Financial Services Authority (OJK) is currently drafting new regulations for Exchange Traded Funds (ETFs) backed by gold, aiming to strengthen regulatory certainty and governance in Indonesia's capital market. This regulatory development is crucial for the upcoming launch of BRI Manajemen Investasi's (BRI-MI) Sharia-compliant gold ETF.

Sharia Compliance as Key Foundation

Prof. Nadratuzzaman Hosen, Chairman of BRI-MI's Sharia Supervisory Board, emphasized that Sharia compliance is the fundamental aspect of their ETF product development. The new OJK regulations are expected to provide a clearer framework for the introduction of commodity-based ETFs in Indonesia.

Expanding Investment Options in Indonesia's Capital Market

The introduction of a Sharia-compliant gold ETF by BRI-MI is anticipated to broaden investment choices available to both conventional and Islamic investors. This product is likely to attract a diverse investor base, including those seeking Sharia-compliant investment opportunities.

Market Impact and Future Prospects

The successful launch of BRI-MI's gold ETF could have a positive impact on Indonesia's capital market by introducing a new asset class. It may also encourage other financial institutions to develop similar products, further diversifying the investment landscape in Indonesia.