Simas Syariah ETF JII

Simas Syariah ETF JII is an exchange-traded fund that focuses on tracking the Jakarta Islamic Index, which represents the top 30 sharia-compliant publicly listed companies on the Indonesia Stock Exchange. This ETF operates in adherence to Islamic finance principles, ensuring that all constituent stocks comply with Sharia law, prohibiting investment in businesses associated with gambling, alcohol, and certain financial services. Its primary purpose is to provide investors with a diversified portfolio that aligns with ethical investment values, particularly appealing to those seeking to invest according to Islamic guidelines. Simas Syariah ETF JII holds significance in the financial market by enabling investors to access a broad range of sectors within Indonesia's economy while adhering to religious and ethical standards. This ETF contributes to financial inclusivity by catering to ethical investors, thereby enhancing market participation from diverse investor groups. Its role also extends to providing liquidity, transparency, and potentially lower cost investment solutions, typical of ETFs, to those focused on expanding their portfolios within the framework of Islamic finance.