Jakarta Islamic Index


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:
A reevaluation of the listed shares is held biannually and the results are publicized in May and in November.

Components

As of 4 December 2017, the Jakarta Islamic Index contained 30 publicly traded companies:
  1. Adaro Energy Tbk PT
  2. AKR Corporindo Tbk PT
  3. Aneka Tambang Tbk
  4. Astra International Tbk PT
  5. Barito Pacific Tbk
  6. Bumi Serpong Damai Tbk PT
  7. Ciputra Development Tbk
  8. XL Axiata Tbk PT
  9. Indofood CBP Sukses Makmur Tbk
  10. Vale Indonesia Tbk
  11. Indofood Sukses Makmur Tbk
  12. Kalbe Farma Tbk PT
  13. Lippo Karawaci Tbk PT
  14. Matahari Department Store Tbk
  15. PP London Sumatra Indonesia Tbk PT
  16. Hanson International Tbk
  17. Perusahaan Gas Negara Tbk PT
  18. Tambang Batubara Bukit Asam Tbk PT
  19. PP Tbk
  20. Pakuwon Jati Tbk PT
  21. Surya Citra Media Tbk
  22. Semen Indonesia Tbk PT
  23. Summarecon Agung Tbk PT
  24. Telekomunikasi Indonesia Tbk PT
  25. Chandra Asri Petrochemical Tbk
  26. United Tractors Tbk PT
  27. Unilever Indonesia Tbk PT
  28. Wijaya Karya Tbk PT
  29. Waskita Beton Precast Tbk
  30. Waskita Karya Tbk