Tinjauan Hukum Peranan Pasar Modal Syariah dalam Mendukung Pembangunan Ekonomi Berkelanjutan

Authors

  • Helza Nova Lita dan Zahera Mega Utama

DOI:

https://doi.org/10.37721/je.v14i1.212

Abstract

The rapid growth of the economy today, but not by a balance control environment have become problems that cause a variety of adverse impacts of human life itself. Economic rise of Islam in Indonesia today, including the Islamic capital market activities to be interesting and exciting phenomenon, especially for people who are predominantly Muslim Indonesia. Indonesia Stock Exchange (BEI) in cooperation with PT Danareksa Investment Management has launched Jakarta Islamic Index (JII) on July 3, 2000 which aims to guide investors who want to invest their funds in Shariah. In this study will be assessed on how the rule of Islamic capital markets to support sustainable economic development and what kind of instruments can be developed. The method used in this research is the study of normative juridical approach to legislation and the concept of Islamic economics. For the activities of Islamic Capital Market, BAPEPAM as Securities and Exchange Commission (this commission is changed OJK based on Law No. 21 of 2011 ) as a regulator and supervisor of capital markets has issued a Decree of the Chairman of Bapepam-LK Kep-130/BL/2006 and Kep-131/BL/2006 has published a package of regulations related to the implementation of sharia in the capital market, That’s rule Number IX.A.13 about Sharia and Issuance of Securities Regulation Number IX.A.14 about contract used in the issuance of Islamic Securities in Capital Market. Issuer's business activities related to support for environmentally friendly business activities are part of the implementation of sharia principles despite the provisions of the implementation of Islamic finance through a decision has not been stated . All types of instruments issued by issuers of sharia in Indonesia at this time which includes Bonds Mudaraba Sharia, Sharia Ijarah Bonds, the Sharia Shares, Mutual Funds Sharia, Shariah Index Fund, and Issuance of Securities Investment Fund in the implementation of Sharia should be consistent with Islamic economic values, including the commitment to enforcement of environmentally friendly business activities. That’s need strengthening legal instruments in the issuer's issuance of Islamic instruments in the form of regulations issued and through the National Fatwa Council of Sharia. Keywords: Islamic Capital Markets, sustainable economic development.

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