JSX, Danareksa ink deal

JAKARTA (JP): The Jakarta Stock Exchange (JSX) and Danareksa Investment Management have signed a memorandum of understanding on developing investment products that comply with the Islamic syariah law.

"By signing this MOU, both JSX and Danareksa Investment are committed to optimizing all relevant efforts in developing any syariah-related investment instruments," JSX corporate communications division head Intan Abdams said on Thursday.

Intan said the background of the cooperation was mutual concern that there should be alternative investment instruments to accommodate the aspirations of investors who adhered to Islamic law.

"These groups of potential investors can be either international or domestic," she added. (udi)