Indonesia Stock Exchange Launches IDX Mobile Sharia to Expand Islamic Investment Access
PT Bursa Efek Indonesia (IDX) launched IDX Mobile Sharia on Monday, 9 March 2026 as part of efforts to facilitate public access to information and education on Islamic investment. The application is expected to drive further growth and development in the Islamic capital market.
“Today, marking the 15th anniversary of Indonesia’s Islamic capital market, we are launching a Sharia mode within the IDX Mobile application. We hope this feature will provide greater ease to the public who wish to learn about the Islamic capital market,” said Jeffrey Hendrik, Acting Chief Executive Officer of IDX, at the IDX Mobile Sharia introduction event entitled “Empowering Sharia Investment Journey with IDX Mobile Sharia” held at IDX headquarters in Jakarta on Monday, 9 March 2026.
Jeffrey explained that IDX Mobile Sharia represents an initiative combining IDX Mobile with online Islamic trading development. He highlighted two notable innovations from IDX’s numerous initiatives.
“First is IDX Mobile. Few stock exchanges in the world have developed a market information application that is freely distributed to the public for learning and practice through virtual trading to study the capital market,” he said.
Since its launch in July 2023, IDX has recorded more than 510,000 users of the IDX Mobile application. This means that out of millions of investors in Indonesia’s capital market, approximately half a million are studying the capital market through IDX Mobile.
“Second, Indonesia’s capital market is possibly, if not the only one, the first in the world to develop online Islamic trading,” he stated.
Jeffrey noted that the innovation has received international recognition. According to his records, IDX has received five awards from The Global Islamic Finance Award for the innovation.
“On the other hand, our Islamic capital market is also growing very well. Data from the past four to five years shows that regarding the number of stocks in the Islamic stock group, there are currently 672 stocks or approximately 70 per cent of the 956 stocks in the Islamic stock category. In terms of market capitalisation, 56 per cent is Islamic stock capitalisation. The number of Islamic investors has also grown over the past four or five years from approximately 85,000 to nearly 220,000,” he added.
Given this significant potential, IDX has taken the initiative to introduce a Sharia mode within the IDX Mobile application. Users simply need to download IDX Mobile on their mobile phones and then activate the Sharia mode.
“Within this feature, there will be information regarding Islamic stocks. Users can also conduct simulated transactions of Islamic stocks and gain understanding of fatwas and regulations. Consequently, we hope the growth of the Islamic capital market will accelerate further,” said Jeffrey.