Islamic Based Transactions

SHARIAH ONLINE TRADING SYSTEM (SOTS)

Shariah Online Trading System (SOTS) is an online Islamic transaction system that meets the Islamic‘s principles in the capital market. SOTS is developed by exchange members as a facility or tool for investors who want to conduct stock transactions in Islamic. SOTS is certified by DSN-MUI as describing on Fatwa DSN-MUI No. 80 of 2011 about the Implementation of Islamic Principles in Equity Securities Trading Mechanism in the Regular Market of Stock Exchange.

The main features of SOTS are as follows:

  1. Only Islamic stocks can be traded

  2. Islamic stocks purchase transactions only can be made in cash (cash-basis transaction) so there isn’t margin transaction (margin trading)

  3. Selling transactions of Islamic stocks that is not owned can't be done (short selling)

  4. Islamic stocks ownership report is separated by fund ownership, Islamic stocks owned are not counted as capital (fund).

    

Currently there are 13 Exchange Members who already have SOTS, as follow:

No

Exchange Member

SOTS Name

Website (Link)

1

 PT Indo Premier Securities 

IPOT Syariah

www.indopremier.com

2

 PT Mirae Asset Sekuritas Indonesia

HOTS Syariah

www.miraeasset.co.id

3

 PT BNI Securities

e-Smart Syariah

www.bnisekuritas.co.id

4

 PT Trimegah Securities Tbk.

iTrimegah Syariah

www.trimegah.com

5

 PT Mandiri Sekuritas

MOST Syariah

www.most.co.id

6

 PT Panin Sekuritas Tbk.

POST Syariah

https://pans.id/

7

 PT Phintraco Securities

PROFITS Syariah

www.profits.co.id

8

 PT Sucorinvest

SPOT Syariah

https://sucorsekuritas.com/

9

 PT First Asia Capital

FAST Syariah

www.facsekuritas.co.id

10

 PT MNC Securities

MNC Trade Syariah

www.mncsekuritas.id

 11

 PT Henan Putihrai

HPX Syariah

www.henanputihrai.com

 12

 PT Philip Sekuritas

POEM Syariah

www.phillip.co.id

13

 PT RHB Sekuritas

RHB TradeSmart

https://rhbtradesmart.co.id/