Strengthening the Sharia Stock Sector as an Implementation of the Islamic Economic System in Fair Investment in Indonesia

Budi Purnomo; Ahmad Hasan Ridwan; Nurrohman

doi:10.65049/dccr9d85

Authors

Budi Purnomo Universitas Islam Negeri Sunan Gunung Djati Bandung, Indonesia Author
Ahmad Hasan Ridwan Universitas Islam Negeri Sunan Gunung Djati Bandung, Indonesia Author
Nurrohman Universitas Islam Negeri Sunan Gunung Djati, Bandung, Indonesia Author

DOI:

https://doi.org/10.65049/dccr9d85

Keywords:

Sharia Stocks, Maqāṣid al-Syarī‘ah, Equitable Investment; , Islamic Economic System, Capital Market

Abstract

Abstract: The Islamic economic system emphasises justice (‘adl), balance (tawazun), and public interest (maslahah) in economic activities. Sharia stocks as an instrument of the Islamic capital market in Indonesia have the potential to create wealth distribution and promote fair investment. This article aims to examine the role of sharia stocks in strengthening the Indonesian capital market sector by integrating the principles of Islamic economics and maqāṣid al-syarī‘ah. Through descriptive and normative analysis, this study finds that the Islamic stock sector in Indonesia has great potential to encourage fair investment, but faces major challenges related to Islamic financial literacy and the strengthening of Islamic capital market regulations. This article also offers an implementation model for Islamic stocks based on the principles of maqāṣid al-syarī‘ah, which can be a solution in advancing the Islamic capital market in Indonesia.

Keywords: Sharia Stocks; Maqāṣid al-Syarī‘ah; Equitable Investment; Islamic Economic System; Capital Market.

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