Indonesia's Islamic Capital Market Poised for Growth with Gold ETF

Surging Investor Numbers

The Indonesian Islamic capital market is on the cusp of significant expansion in 2026 following the introduction of a gold-based Exchange Traded Fund (ETF). The market has already shown remarkable growth in 2025, with the number of Islamic capital market investors reaching 211,596 by November 2025. This represents a substantial 24.9% increase from the 169,397 investors recorded in 2024.

New Investor Acquisition

Between January and November 2025, the market attracted 42,199 new investors, significantly exceeding the target of 13,000 additional investors for the year. This rapid growth indicates strong investor confidence in the Islamic capital market, likely bolstered by the forthcoming gold ETF product.

Market Outlook

The introduction of the gold ETF is expected to further boost the Islamic capital market's appeal, potentially attracting both existing and new investors. The product is likely to enhance market liquidity and provide investors with a new avenue for diversification. As the market continues to grow, it is expected to contribute positively to the overall development of Indonesia's financial sector.