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TINJAUAN FIKIH MUAMALAH TERHADAP PRAKTIK SHORT SELLING DAN MARGIN TRADING DI PASAR MODAL KONVENSIONAL SEBAGAI REFLEKSI PENGUATAN PASAR MODAL SYARIAH Budiman Budiman; Deden Hidayat; Yayah Rukhayah; Ahmad Zulfi Aali Dawwas; Amelia
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 9 No 1 (2026): JUNI 2026
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55171/jam.v9i1.1714

Abstract

Short selling and margin trading enhance liquidity in conventional markets but trigger volatility and disadvantage retail investors. This study critically analyzes their operational mechanisms from contemporary Fiqh Muamalah perspectives to strengthen Indonesia's Shariah Online Trading System (SOTS) architecture. Using a descriptive-qualitative method with a legal-normative approach, secondary data from DSN-MUI fatwas, OJK regulations, and Islamic jurisprudence were analyzed via content and comparative techniques. The results indicate that short selling features structural Sharia flaws, categorized as bai' al-ma'dum and violating qabdh, which introduces gharar and maysir. Meanwhile, margin trading constitutes riba al-qardh due to commercial interest on leverage. Conclusively, these prohibitions are effectively integrated into SOTS through systemic barriers: automatically rejecting zero-balance short sales and enforcing a Cash Advanced Market. This offers crucial insights for regulators designing resilient Islamic capital market roadmaps.
Implementation of a Creative Reading Corner as an Effort to Enhance Early Childhood Literacy at PAUD Al-Barokah Siti Nurul Aprida; Robiatul Adawiyah; Ahmad Zulfi Aali Dawwas; Devi Yanti
Dinamika: Jurnal Pengabdian kepada Masyarakat Vol. 2 No. 2 (2025): September-Desember 2025
Publisher : LPPI Yayasan Almahmudi bin Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70437/dinamika.v2i2.25

Abstract

Early childhood literacy development plays a crucial role in supporting children’s learning readiness and future academic success. However, limited literacy environments, learning media, and access to books remain major challenges in many early childhood education institutions. This community service activity aimed to improve early childhood literacy through the implementation of a creative reading corner at PAUD Al-Barokah, Desa Pasir Kembang, Kecamatan Maja, conducted on November 21, 2025. The method used a participatory approach, including needs assessment, program design, implementation, and evaluation. The program consisted of establishing a reading corner, distributing children’s books, and conducting read-aloud (storytelling) activities. The results showed an increase in children’s reading interest, vocabulary development, and confidence in expressing ideas. In addition, teachers demonstrated improvement in applying more interactive literacy teaching strategies. Therefore, the implementation of a creative reading corner proved to be an effective approach in creating a supportive literacy environment for early childhood. This program is recommended to be sustained and replicated in other early childhood education settings.