Jakarta, Aug. 10 -- Indonesia's Financial Services Authority (OJK) and stock exchange operators launched a Sharia-compliant Gold Exchange-Traded Fund (ETF) on Monday, aiming to expand the nation's bullion market and deepen capital sector liquidity.

"This marks the expansion of the bullion market as a quick win within our eight action plans," said Friderica Widyasari Dewi, Chairwoman of the OJK Board of Commissioners, during the launch in Jakarta.

The newly introduced Gold ETF allows investors to gain exposure to gold price movements on the Indonesia Stock Exchange (IDX) without physically storing the precious metal.

The instrument adheres to Islamic financial principles under a fatwa issued by the National Sharia Council of the Indones...