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:
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Only Islamic stocks can be traded
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Islamic stocks purchase transactions only can be made in cash (cash-basis transaction) so there isn’t margin transaction (margin trading)
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Selling transactions of Islamic stocks that is not owned can't be done (short selling)
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Islamic stocks ownership report is separated by fund ownership, Islamic stocks owned are not counted as capital (fund).
Currently there are 15 Exchange Members who already have SOTS, as follow:
|
No |
Exchange Member |
SOTS Name |
Website (Link) |
|
1 |
PT Indo Premier Securities |
IPOT Syariah |
|
|
2 |
PT Mirae Asset Sekuritas Indonesia |
HOTS Syariah |
|
|
3 |
PT BNI Securities |
e-Smart Syariah |
|
|
4 |
PT Trimegah Securities Tbk. |
iTrimegah Syariah |
|
|
5 |
PT Mandiri Sekuritas |
MOST Syariah |
|
|
6 |
PT Panin Sekuritas Tbk. |
POST Syariah |
|
|
7 |
PT Phintraco Securities |
PROFITS Syariah |
|
|
8 |
PT Sucorinvest |
SPOT Syariah |
|
|
9 |
PT First Asia Capital |
FAST Syariah |
|
|
10 |
PT MNC Securities |
MNC Trade Syariah |
|
|
11 |
PT Henan Putihrai |
HPX Syariah |
|
|
12 |
PT Philip Sekuritas |
POEM Syariah |
|
|
13 |
PT RHB Sekuritas |
RHB TradeSmart |
https://rhbtradesmart.co.id/ |
|
14 |
PT Samuel Sekuritas |
STAR Syariah | https://samuel.co.id/ |
|
15 |
PT Maybank Kim Eng Sekuritas |
KE Trade Syariah | https://www.maybank-ke.co.id/ |