Updated Sharia Securities List: PPDES Required to Submit Reports to Retain Approval

In 2017, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) established Regulation No. 35/POJK.04/2017 (“Regulation 35/2017”) on Criteria for and the Issuance of the Sharia Securities List. However, in order to further enhance the development of the sharia capital market industry, the OJK has decided to issue Regulation No. 8 of 2025 (“Regulation 8/2025”) on the Issuance of the Sharia Securities List and Foreign Sharia Securities List, which officially came into force on 25 April 2025 and which simultaneously revoked Regulation 35/2017.[1]