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 17 Exchange Members who already have SOTS, as follow:

No	Exchange Member	SOTS Name	Website (Link)
1	PT Indo Premier Sekuritas	IPOT Syariah	www.indopremier.com
2	PT Mirae Asset Sekuritas	HOTS Syariah	www.miraeasset.co.id
3	PT BNI Sekuritas	e-Smart Syariah	www.bnisekuritas.co.id
4	PT Trimegah Sekuritas Tbk.	iTrimegah Syariah	www.trimegah.com
5	PT Mandiri Sekuritas	MOST Syariah	www.most.co.id
6	PT Panin Sekuritas Tbk.	POST Syariah	www.pans.co.id
7	PT Phintraco Sekuritas	PROFITS Syariah	www.profits.co.id
8	PT Sucor Sekuritas	SPOT Syariah	https://sucorsekuritas.com/
9	PT FAC Sekuritas	FAST Syariah	www.facsekuritas.co.id
10	PT MNC Sekuritas	MNC Trade Syariah	www.mncsekuritas.id
11	PT Henan Putihrai Sekuritas	HPX Syariah	www.hpfinancials.co.id/hps
12	PT Philip Sekuritas Indonesia	POEM Syariah	www.poems.co.id
13	PT RHB Sekuritas	RHB Trade Smart Syariah	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/
16	PT Kresna Sekuritas	Kresna Trader Syariah	http://www.kresnasecurities.com
17	PT Danareksa Sekuritas	D'ONE Syariah	http://bridanareksasekuritas.co.id/