<![CDATA[This article aims to discover how Islamic mutual funds can be said to be an Islamic investment alternative. This type of research is library research. The primary data used is the Capital Market Law, Financial Services Authority Regulations and DSN-MUI fatwa. Meanwhile, secondary data is used in other literature by the research. The findings in this article are concluded as follows: (1) The mechanism in Sharia mutual fund investment starts with the fund owner giving a mandate to the investment manager, who then invests collectively. The investment results will be added to the investor's accumulated funds if there is a profit and will be reduced if there is a loss. Accumulated funds are stored in a custodian bank. After deducting the investment manager's honorarium and other costs, the funds accumulated as Net Active Value (NAB) (2) management of sharia mutual funds have been carried out professionally in accordance with the provisions contained in the DSN-MUI fatwa. However, there are several conditions that make it possible that sharia principles cannot be implemented optimally.]]>
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