JAKARTA - The issuance of Islamic products are often just too late. Capital Market Supervisory Agency of Financial Institutions (Bapepam-LK) explains there are several reasons, including the risks large enough so that the issuance of Islamic products have to be careful.
"Because the skeleton should really study, because the risk of sharia is big enough. When you have applied the community or in the marketplace," said the Chairman of Bapepam-LK Fuad Rahmany, as a keynote speech seminar Shariah Capital Markets, Corporate Sukuk Development Potential in Indonesia, in Hotel Borobudur, Jakarta, Tuesday (07/06/2010).
Unlike the non-Islamic products, clearly Fuad, whose value only and not directly down to zero. "Can you imagine the disaster that would be caused if we were careful not to publish it. For that we really do make sure, that it truly Islamic products. That's why we like to be late to publish it," he said
In addition, capital market authorities are also calling for underwriters and issuers to introduce and develop Islamic products.
According to Fuad, corporations rarely publishes Islamic products such as sukuk. In fact, policies and regulations are quite lax. In addition, the G-20 meeting mentioned sharia products should be developed.
Fuad expect the development of Islamic products not only from regulators, the Bapepam-LK and the Indonesia Stock Exchange (IDX), but also market participants of the initiative. "Underwriter come forward to introduce a business entity to help develop products sharia because sharia great potential," added Fuad.
As is known, sukuk sharia country or state securities (SBSN) around Rp21, 243 trillion, with a total of 20 countries while corporate sukuk approximately Rp700 billion in the first half of 2010.
"Because the skeleton should really study, because the risk of sharia is big enough. When you have applied the community or in the marketplace," said the Chairman of Bapepam-LK Fuad Rahmany, as a keynote speech seminar Shariah Capital Markets, Corporate Sukuk Development Potential in Indonesia, in Hotel Borobudur, Jakarta, Tuesday (07/06/2010).
Unlike the non-Islamic products, clearly Fuad, whose value only and not directly down to zero. "Can you imagine the disaster that would be caused if we were careful not to publish it. For that we really do make sure, that it truly Islamic products. That's why we like to be late to publish it," he said
In addition, capital market authorities are also calling for underwriters and issuers to introduce and develop Islamic products.
According to Fuad, corporations rarely publishes Islamic products such as sukuk. In fact, policies and regulations are quite lax. In addition, the G-20 meeting mentioned sharia products should be developed.
Fuad expect the development of Islamic products not only from regulators, the Bapepam-LK and the Indonesia Stock Exchange (IDX), but also market participants of the initiative. "Underwriter come forward to introduce a business entity to help develop products sharia because sharia great potential," added Fuad.
As is known, sukuk sharia country or state securities (SBSN) around Rp21, 243 trillion, with a total of 20 countries while corporate sukuk approximately Rp700 billion in the first half of 2010.
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