JII:IDX
Jakarta Islamic Index
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Bluefield Daily Telegraph
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ā§¨ā§Ž āĻŽāĻŋāĻ¨āĻŋāĻ āĻāĻā§
Wall Street drops to its worst day since June after the sell-off for tech stocks deepens
The Globe and Mail
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The Stock Market Is Doing Something for Only the 3rd Time in 28 Years, and History Says It's Clear What Comes Next for Stocks
MSN
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This dividend stock yielding quadruple the S&P 500 looks like a buy right now
Yahoo Finance
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Wall Street's favorite stocks are in their worst slump since 2010: Chart of the Day
āĻĒā§āĻ°ā§āĻĢāĻžāĻāĻ˛
The Jakarta Islamic Index is a stock market index established on July 3, 2000 on the Indonesia Stock Exchange to help facilitate the trading of public companies according to Syariah business code. Following Islamic law prohibits a company from involving itself in activities related to gambling, speculation, and traditional banking and financing. The JII may not list equities that produce or distribute food, drink, or morally harmful items that stand in contradiction with Islamic values.
Unlike the Indonesian Syariah Stock Index that lists all IDX stocks that meet the Syariah code, stocks listed under the JII must meet procedural standards as well as performance requirements, such as:
The share must be listed on the exchange for at least three months prior to application.
The companyâs annual or mid-year financial report must have an Obligation Asset ratio of no more than 90%.
Rank in the top 60 shares based on the previous yearâs average Market Capitalization.
Rank in the top 30 shares based on the previous yearâs average liquidity in the regular market.
A reevaluation of the listed shares is held biannually and the results are publicized in May and in November. Wikipedia