PASAR MODAL SYARIAH: EKSPLORASI INSTRUMEN INVESTASI DAN PERAN OTORITAS JASA KEUANGAN (OJK) DALAM REGULASI DAN PENGAWASAN
DOI:
https://doi.org/10.24252/iqtishaduna.v6i4.57625Abstract
Abstrak
Pasar modal syariah merupakan komponen penting dalam sistem keuangan yang beroperasi sesuai dengan prinsip-prinsip syariah Islam, yang menekankan pada keadilan, transparansi, dan penghindaran unsur riba, maysir, dan gharar. Artikel ini membahas makna, sejarah, prinsip, instrumen, dan regulasi pasar modal syariah di Indonesia. Sejak dimulainya penerbitan Reksa Dana Syariah pada tahun 1997 dan peluncuran Jakarta Islamic Index (JII) pada tahun 2000, pasar modal syariah telah mengalami perkembangan signifikan, didukung oleh regulasi yang dikeluarkan oleh Otoritas Jasa Keuangan (OJK) dan fatwa dari Dewan Syariah Nasional (DSN-MUI). Instrumen investasi seperti sukuk, saham syariah, dan reksa dana syariah memberikan alternatif bagi investor untuk berpartisipasi dalam kegiatan ekonomi yang produktif dan sesuai dengan nilai-nilai Islam. Regulasi OJK berperan penting dalam menjaga integritas pasar dan melindungi kepentingan investor, sehingga meningkatkan kepercayaan dan mendorong pertumbuhan pasar modal syariah.
Kata Kunci: Instrumen, Pasar Modal Syariah, Regulasi OJK.
Abstract
The Islamic capital market is an important component of the financial system that operates in accordance with Islamic sharia principles, which emphasize fairness, transparency, and avoidance of usury, maysir, and gharar. This article discusses the meaning, history, principles, instruments, and regulations of the Islamic capital market in Indonesia. Since the inception of Islamic Mutual Funds in 1997 and the launch of the Jakarta Islamic Index (JII) in 2000, the Islamic capital market has experienced significant development, supported by regulations issued by the Financial Services Authority (OJK) and fatwas from the National Sharia Council (DSN-MUI). Investment instruments such as sukuk, Islamic stocks, and Islamic mutual funds provide alternatives for investors to participate in productive economic activities that are in accordance with Islamic values. OJK regulations play an important role in maintaining market integrity and protecting investors' interests, thereby increasing confidence and encouraging the growth of the Islamic capital market.
Keywords: Instruments, Islamic Capital Market, OJK Regulation.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Nurbaeti, Nasrullah bin Sapa, Abdul Syatar
This work is licensed under a Creative Commons Attribution 4.0 International License.
Once an article was published in the journal, the author(s) are:
- to retain copyright and grant to the journal right licensed under Creative Commons License Attribution that allows others to share the work with an acknowledgement of the work's authorship.
- permitted to publish their work online in third parties as it can lead wider dissemination of the work, with an acknowledgement of its initial publication in this journal
- continue to be the copyright owner and allow the journal to publish the article with the CC BY-NC-SA license
- receiving a DOI (Digital Object Identifier) of the work.
