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Indonesian Digital Wallet Provider OVO Introduces Shariah Compliant Mutual Fund Product Indonesia’s digital wallet provider OVO has introduced a Shariah-compliant mutual fund product, which reportedly offers a fairly low buy-in for a product of its kind (less than $1). It lets investors instantly cash out their funds in real-time. The Syariah Syailendra OVO Bareksa Tunai Likuid mutual fund product is being offered via the OVO app with assistance from Indonesia’s fund manager Syailendra Capital and its business partner Bareksa. The company’s management noted that by setting the minimum investment threshold to a highly competitive IDR 10,000 (equivalent to SGD 1 or $ 0.70) and enabling investors to easily access their money at any time to conveniently pay for items, OVO has removed major barriers to investing.

Rajiv chandnaBareksa tunai likuidFinancial services authority otoritas jasa keuanganFinancial servicesTunai likuidSyailendra capitalHospital cashCommercial officerManulife aset manajemen indonesiaSoutheast asianFinancial services authorityOtoritas jasa keuanganPrudential indonesiaநிதி சேவைகள்மருத்துவமனை பணம்வணிகரீதியானது அதிகாரி