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All Journal Al-Amin: Jurnal Ilmu Pendidikan dan Sosial Humaniora
Gusnawati Gusnawati
Institut Agama Islam Negeri (IAIN) Parepare, Indonesia
Religion Humanities Education Other

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Analisis Yuridis Kepatuhan Syariah dalam Perdagangan Saham Algoritmik di Pasar Modal Indonesia Gusnawati Gusnawati; Zainal Said; Hannani Hannani
Al-Amin: Jurnal Ilmu Pendidikan dan Sosial Humaniora Vol. 3 No. 2 (2026): Al-Amin: Jurnal Ilmu Pendidikan dan Sosial Humaniora
Publisher : LPPM Sekolah Tinggi Agama Islam (STAI) Al- Kifayah Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53398/alamin.v3i2.777

Abstract

The development of artificial intelligence technology has given rise to algorithmic trading systems that operate automatically within the Indonesian capital market. This phenomenon presents new juridical challenges in the context of sharia compliance, considering the absence of regulations that explicitly govern algorithmic trading within the framework of Islamic economic law. This study aims to analyze the aspects of sharia compliance in algorithmic stock trading activities based on the regulations of the Indonesian Financial Services Authority (Otoritas Jasa Keuangan/OJK), fatwas issued by the National Sharia Council of the Indonesian Ulema Council (Dewan Syariah Nasional Majelis Ulama Indonesia/DSN-MUI), and the principles of fiqh muamalah. Employing a normative juridical approach with descriptive-analytical analysis, this research finds that algorithmic trading contains potential violations related to the prohibitions of gharar, maysir, and market manipulation, all of which contradict sharia principles. Nevertheless, through the implementation of appropriate sharia screening mechanisms and adequate regulatory supervision, algorithmic trading can be integrated into the Indonesian sharia capital market ecosystem. This study recommends the issuance of a specific DSN-MUI fatwa concerning algorithmic trading, as well as the strengthening of OJK regulations to ensure sharia compliance in financial technology innovation
Co-Authors Hannani Hannani Zainal Said