Answering the demand from asset management companies, the Indonesia Stock Exchange has launched its third Shariah compliant index called the Jakarta Islamic Index 70 (JII 70), which comprises the 70 most liquid Islamic stocks in Indonesia’s stock exchange. MARC ROUSSOT writes. “The market wanted a new index for the development of Islamic investment products,” explains Irwan Abdalloh, the Islamic capital market development head at the Indonesia Stock Exchange. “Market players were feeling that the Jakarta Islamic Index launched in 2000....