Jakarta, Nov. 12 -- Indonesia's Islamic finance market reached a major milestone as PT BRI Manajemen Investasi (BRI-MI) listed the nation's first Sharia Asset Backed Securities of Collective Investment Contract (hereinafter referred as KIK-EBA Syariah) on the Indonesia Stock Exchange (IDX), marking a significant step in the significant development of transparable and sustainable investment instruments.

The product, named KIK EBA Syariah BRI-MI Jakarta Lingkar Baratsatu (BJLB1), represents a significant breakthrough in advancing Sharia asset based investments within the capital market and underscores the growing investor appetite for innovative, alternative investment instruments rooted in Islamic principles.

This historic milestone was ...