Sharia Business Ethics in Capital Market Investment on the Indonesian Stock Exchange Study of the Application of Sharia Principles Bei

Authors

  • Lalu Jedi Muawari Universitas Muhammadiyah Mataram
  • Karmelia Sasmita Ningtias Universitas Muhammadiyah Mataram
  • Prameswari Cuzenti Adinda Universitas Muhammadiyah Mataram
  • Riska Sudianti Universitas Muhammadiyah Mataram
  • Ziqrurrahman Irsyad Universitas Muhammadiyah Mataram
  • Nuraini Nuraini Universitas Muhammadiyah Mataram

DOI:

https://doi.org/10.58258/jisip.v9i1.8005

Keywords:

Sharia Business Ethics, Investment, Capital Market, Indonesia Stock Exchange, Sharia Principles.

Abstract

Sharia-based investment in the Indonesian capital market has experienced rapid development along with increasing public awareness of the importance of sharia principles in economic activities. This study aims to examine the application of sharia business ethics in investment on the Indonesia Stock Exchange (IDX), especially in stocks listed on the Jakarta Islamic Index (JII) and the Indonesian Sharia Stock Index (ISSI). Using a literature study method, this study explores the application of sharia principles such as fairness, transparency, and the prohibition of usury in capital market investment. The results of the study indicate that the application of sharia business ethics not only strengthens investor confidence but also increases the growth of sharia financial instruments in Indonesia. However, several challenges such as the lack of sharia financial literacy and regulatory barriers still require more attention. This study is expected to contribute to developing a fairer and more inclusive sharia capital market.

Downloads

Published

2025-01-07

Issue

Vol. 9 No. 1 (2025): JISIP (Jurnal Ilmu Sosial dan Pendidikan) (Januari)

Section

Articles

License

Copyright Notice
Authors who publish with JISIP (Jurnal Ilmu Sosial dan Pendidikan) agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal. 
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.