Indonesian Sharia-compliant fund targets tech sector
Investments will be made in cloud computing, Internet of Things (IoT), and e-commerce, with a focus on ESG and sustainability values.
Jakarta: Responding to investor interest in tech companies, Indonesia’s Batavia Prosperindo Asset Management and Bank Central Asia (BCA) have issued a technology-focused Islamic mutual fund.
BCA will act as selling agent to distribute the Batavia Technology Sharia Equity USD, while Franklin Templeton, a US investment firm, acted as technical advisor for Batavia Prosperindo.
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