Jakarta – Indonesia Stock Exchange (IDX) has once again earned prestigious international recognition at the Global Islamic Finance Award (GIFA) 2025, being honored with the GIFA Championship Award for Islamic Capital Market 2025. Marking a significant milestone, this is the first time IDX has received this recognition, following its consecutive four-year achievement as The Best Islamic Capital Market.. The award was formally received by IDX, represented by Vice Director of Islamic Capital Market, Irwan Abdalloh, on Thursday (11/9) at the Four Seasons Hotel in Kuala Lumpur, Malaysia.
Over the years, IDX has consistently gained several prestigious recognition at GIFA, including The Best Supporting Institution for Islamic Finance of the Year in 2016, 2017, and 2018; The Best Emerging Islamic Capital Market of the Year in 2018; and The Best Islamic Capital Market in 2019, 2020, 2021, and 2022. This year’s award not only highlights IDX’s leadership and significant progress in developing the Islamic capital market but also reaffirms its consistency in maintaining a resilient and growing market, even during challenging periods such as the Covid-19 pandemic.
Organized by Cambridge Islamic Finance Information & Analysis (IFA), a London-based independent institution, GIFA is recognized as an independent and the most prestigious global awards in the Islamic finance industry. The selection process for nominees is conducted transparently by independent and professional third parties.
Through this recognition, IDX is acknowledged for its consistent efforts in advancing Indonesia sharia capital market through various initiatives in collaboration with stakeholders. Despite global economic uncertainties, Indonesia sharia capital market continues to grow steadily. As of August 2025, sharia stocks accounted for 69% of all listed stocks on IDX, representing 63% of total market capitalization. Daily trading in sharia stocks also contributed 69% of value, 79% of transaction frequency, and 76% of trading volume.
Investor participation has likewise surged. According to data from members providing Sharia Online Trading System (AB-SOTS) services, the number of sharia investors reached 190,039 as of July 2025, more than 121% higher than the 85,891 recorded in 2020.
