Investasi Berbasis Syariah di Pasar Modal Indonesia

Abstract

Syariah-based capital market can be defined as the capital market that implements the principles of Islamic canon law in business activities and does not involve in practice prohibited by the Islamic law such as usury, gambling, speculation, etc. It is perceived from the outset that the Islamic Capital Market in Indonesia is an essential element of the capital market. In its evolutionary path, the ICM has functioned effectively as an alternative market for capital seekers and providers, at the same time playing an important complementary rule to the Islamic capital market industry. Indonesia Stock Exchange (IDX) has Jakarta Islamic Index (JII) that consist of 30 shares which fulfill the syariah criteria set by the National Syariah Board. JII is intended as a benchmark to calculate the performance of syariah-based shared investment