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All Journal PAPUA: International Journal of Sharia Business Management
Mirna Keliwawa
Departemen Islamic Economics, IAIN Fattahul Muluk Papua

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Sharia Stock Investment On The Indonesian Stock Exchange In The Perspective Of Sharia Economic Law Muhammad Fatihk Robbyanzah; Gita Ayu Wulan Sari; Mirna Keliwawa; Muhammad Rizal Ariansyah; Samsul Fadli Irianto; Jukri Baharuddin; Shimah Fauziah Yeubun
PAPUA: International Journal of Sharia Business Management Vol. 1 No. 2 (2024): (DESEMBER) PAPUA: INTERNATIONAL JOURNAL OF SHARIA BUSINESS MANAGEMENT
Publisher : Study Program of Sharia Business Management , Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53491/papua.v1i2.1220

Abstract

Stock transactions in the capital market are considered speculative activities so that they are prohibited by Islam and are not in accordance with sharia because they lead to gambling. This study aims to provide an explanation to prospective investors about the law of stock investment from the perspective of sharia economic law. This research method uses a literature study which is used to examine the basis of sharia economic law regarding stock investment. The research results show that stock transactions are a business agreement (trade association or partnership), so buying and selling shares on the Indonesian Stock Exchange is permitted because shares are proof of ownership of a company in the form of assets. The jurists who allow this are Abu Zahrah, Abdurrahman Hasan and Abdul Wahab Khallaf.
Co-Authors Gita Ayu Wulan Sari Jukri Baharuddin Muhammad Fatihk Robbyanzah Muhammad Rizal Ariansyah Samsul Fadli Irianto Shimah Fauziah Yeubun