Legal Basis for Conventional and Sharia Investments inthe Indonesian Capital Market

Authors

  • Doli Witro UIN Sunan Gunung Djati Bandung

DOI:

https://doi.org/10.32506/joes.v5i1.659

Keywords:

Legal Basis, Conventional Investment, Sharia Investment, Capital Market, Sharia Capital

Abstract

This article examines the legal basis for a conventional investment as well as sharia investment in the Indonesian capital market. This studyfocuses on the history of the formation and legal basis of investment in the capital market and is then continued by classifying conventionalinvestment regulations and Islamic investment in Indonesia. This study aims to explain the history of the formation, basis, and legal basisfor sharia and conventional investment in the Indonesian capital market. This research is a qualitative study using a normative jurisdictionapproach. This article is a document study and library research. The data analysis techniques used were data reduction, data presentation,and conclusion drawing. The analysis results show that investment can be interpreted as the investment of money or capital in a company orproject that aims to make a profit. The Indonesian capital market system, activities in the conventional investment capital market, and shariainvestment initially referred to Law Number 8 of 1995 concerning the Capital Market, which technical regulations for its implementation areregulated in Bapepam-LK (Financial Services Authority) Regulations, Government Regulations, Stock Exchange Regulations and others.

Downloads

Download data is not yet available.

References

Awaluddin (2016) Pasar Modal Syariah: Analisis Penawaran Efek Syariah Di Bursa Efek Indonesia. Maqdis: Jurnal Kajian Ekonomi Islam 1(2): 137–150. DOI: 10.15548/maqdis.v1i2.42.

Basrowi and Ma’rifah AN (2018) Sistem Investasi Pasar Modal Syariah. Naskah Publikasi - Universitas Islam Negeri Raden Intan Lampung 18(2): 1–26. Available at: https://osf.io/f3xv4/download.

Batubara AU (2016) Pemikiran Fuqaha Dan Fatwa Ulama Tentang Investasi Di Pasar Modal Syariah. Jurnal Hukum Respublica 16(1): 1–19. DOI: 10.31849/respublica.v16i1.1423.

Dantes R (2019) Wawasan Pasar Modal Syariah. Ponorogo: Wade Group.

Fadilla F (2018) Pasar Modal Syariah dan Konvensional. Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah 3(2): 45–56. DOI: 10.36908/isbank.v3i2.44.

Faozan A (2013) Konsep Pasar Modal Syariah. Muqtasid: Jurnal Ekonomi dan Perbankan Syariah 4(2): 1–20. DOI: 10.18326/muqtasid.v4i2.287-310.

Faqih A (2018) Praktik Jual Beli Saham Syari’ah Perspektif Hukum Islam. Iqtisad 5(1): 43–74. DOI: 10.31942/iq.v5i1.2207.

Fielnanda R (2017) Konsep Screening Saham Syariah di Indonesia. AL-FALAH: Journal of Islamic Economics 2(2): 103–122. DOI: 10.29240/jie.v2i2.255.

Haidar F (2015) Perlindungan Hukum Bagi Investor Terhadap Praktik Kejahatan Insider Trading Pada Pasar Modal di Indonesia. Jurnal Cita Hukum 3(1): 133–152. DOI: 10.15408/jch.v2i1.2311.

Hidayah NL, Aslicha G and Hana KF (2020) Persepsi Masyarakat tentang Haramnya Investasi di Pasar Modal Syariah. TAWAZUN: Journal of Sharia Economic Law 3(1): 31–44. DOI: 10.21043/tawazun.v3i1.7530.

Irawan M (2016) Penguatan Kerangka Hukum Terkait Penyelesaian Sengketa Pasar Modal Syariah Pada Pengadilan Agama. Jurnal Hukum dan Peradilan 5(3): 351–370. DOI: 10.25216/jhp.5.3.2016.351-370.

Isfandiar AA (2009) Akad Muamalah Di Pasar Modal Syariah. Jurnal Hukum Islam 7(1): 89–105. Available at: http://e-journal.iainpekalongan.ac.id/index.php/jhi/article/view/604.

Khairan K (2019) Kontribusi Pasar Modal Syariah dalam Pertumbuhan Ekonomi Indonesai. At-Tamwil: Kajian Ekonomi Syariah 1(1): 98–114. DOI: 10.33367/at.v1i1.876.

Miles MB and Huberman AM (1984) Qualitative Data Analysis (a Source Book of New Methods). Beverly Hills: Sage Publications.

Mohammad S (2018) Penetapan Hukum Dalam Hukum Islam (Analisis Metodologi Pengambilan Hukum Dalam Fatwa DSN-Mui No40/DSN-Mui/X/2003). Al-Risalah 12(2): 337–362. DOI: 10.30631/al-risalah.v12i02.422.

Nurlita A (2015) Investasi Di Pasar Modal Syariah Dalam Kajian Islam. Kutubkhanah: Jurnal Penelitian Sosial Keagamaan 17(1): 1–20. Available at: http://ejournal.uin-suska.ac.id/index.php/Kutubkhanah/article/view/806.

Pardiansyah E (2017) Investasi dalam Perspektif Ekonomi Islam: Pendekatan Teoritis dan Empiris. Economica: Jurnal Ekonomi Islam 8(2): 337–373. DOI: 10.21580/economica.2017.8.2.1920.

Peristiwo H (2016) Analisis Minat Investor Di Kota Serang Terhadap Investasi Syariah Pada Pasar Modal Syariah. ISLAMICONOMIC: Jurnal Ekonomi Islam 7(1): 172–193. DOI: 10.32678/ijei.v7i1.7.

Prasetia YS (2017) Implementasi Regulasi Pasar Modal Syariah Pada Sharia Online Trading System (SOTS). Nizham: Jurnal Studi Keislaman 5(2): 29–41. Available at: https://e-journal.metrouniv.ac.id/index.php/nizham/article/view/988.

Rahmah M (2019) Hukum Pasar Modal. Jakarta: Kencana.

Rahmarisa F (2019) Investasi Pasar Modal Syariah. JEKKP (Jurnal Ekonomi, Keuangan dan Kebijakan … 1(2): 79–84. DOI: 10.30743/jekkp.v1i2.2263.

Rahmatullah I (2018) Legal Opinion Ahli Syariah Pasar Modal (ASPM) Dalam Industri Pasar Modal Syariah Di Indonesia. Law and Justice 3(1): 22–29. DOI: 10.23917/laj.v3i1.6107.

Rifai V (2009) Islamic Economics. Jakarta: Bumi Aksara.

Rohmadi, Khairuddin and Erniwati (2017) Tinjauan Hukum Islam Terhadap Perdagangan Saham. Manhaj 5(2): 1–12. DOI: 10.1161/.v5i2.753.g670.

Saputra MNA (2014) Pasar Modal Syariah di Indonesia. Al-Qanun 17(1): 85–103. DOI: 10.15642/alqanun.2014.17.1.85-103.

Sidqi I and Witro D (2020) Kedudukan Fatwa Majelis Ulama Indonesia (MUI) dalam Perspektif Hukum Islam dan Nasional: Studi Implikasi Fatwa Terhadap Masyarakat. Nizham: Jurnal Studi Keislaman 8(1): 20–31. DOI: https://doi.org/10.32332/nizham.v8i01.2103.

Syaifullah M, Fachrurazi F, Achmad F, et al. (2019) Manajemen Strategi Galeri Investasi Syariah Dalam Meningkatkan Minat Mahasiswa Untuk Berinvestasi Di Pasar Modal Syariah. Al-Mashrafiyah: Jurnal Ekonomi, Keuangan, dan Perbankan Syariah 3(2): 108–127. DOI: 10.24252/al-mashrafiyah.v3i2.10037.

Tunjungsari A (2016) Telaah Penerapan Prinsip Syariah Dan Pengaruhnya Pada Kinerja Pasar Modal Syariah Indonesia. Jurnal Ilmiah Mahasiswa FEB 4(2): 1–16. Available at: https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/2945.

Witro D (2020) Ulama and Umara In Government Of Indonesia: A Review Of Religion and State. Madania 24(2): 135–144. DOI: 10.29300/madania.v24i2.3778.

Wiyanti D (2013) Perspektif Hukum Islam Terhadap Pasar Modal Syariah Sebagai Alternatif Investasi Bagi Investor. Jurnal Hukum Ius Quia Iustum 20(2): 234–254. DOI: 10.20885/iustum.vol20.iss2.art4.

Downloads

Published

2021-06-30

How to Cite

Witro, D. (2021). Legal Basis for Conventional and Sharia Investments inthe Indonesian Capital Market. Journal of Economicate Studies, 5(1), 7-14. https://doi.org/10.32506/joes.v5i1.659