Perbanas Journal of Islamic Economics and Business
Vol 3 No 1 (2023): Perbanas Journal of Islamic Economics and Business

The Role of Islamic Investment Ethics in Preventing Fraudulent Investments

Azhar Alam (Universitas Muhammadiyah Surakarta)
Sri Herianingrum (Universitas Airlangga)
Muhamad Nafik Hadi Ryandono (Universitas Airlangga)
Nur Puji Rohmawati (Universitas Muhammadiyah Surakarta)



Article Info

Publish Date
31 Jan 2023

Abstract

The case of bulging investment is still rife and causes losses for investors. This study aims to determine the role of Islamic investment ethics in preventing investment based on theoretical studies through a literature review and reinforced by the opinions of religious experts, investment experts, and law enforcement staff. This study used a descriptive qualitative approach using primary data from theoretical studies from various literature sources and interviews with ten people, including religious and investment experts. Moreover, The results show that the role of Islamic investment ethics in preventing investments such as staying away from riba, gharar, and maysir, using the principle "Al-Ghunm bi Al-Ghurm," which means the profit or income obtained is balanced with the losses incurred and uses the principle of prudence in making investments. This study provides advice on the need for education for the community related to investments related to riba, gharar, maysir, and the harmony between risk and profit, and the need for the principle of prudence before making investments that there is no case of bulging investment.

Copyrights © 2023






Journal Info

Abbrev

Joieb

Publisher

Subject

Religion Economics, Econometrics & Finance

Description

Aims The objectives of this journal are as follows: To provide a bridge between theory and practice of Islamic Economics and Business To disseminate the results and findings of research and best practice To assist and inform those responsible for the management of Islamic Economics and Business To ...