Mu'amalah : Jurnal Hukum Ekonomi Syariah
Vol. 3 No. 1 (2024)

Sharia Economic Law in The Islamic Capital Market: Factors Influencing Selection and Decision-Making

Hardana, Ali (Unknown)
Abdul Razak, Dzulasjastri (Unknown)
Windari, Windari (Unknown)
Tussadiah, Halima (Unknown)
Nasution, Elga (Unknown)



Article Info

Publish Date
13 Jun 2024

Abstract

Investment is a compelling topic, especially in the capital market context. In Indonesia, which has the largest Muslim population in the world, the Islamic capital market plays a significant role in economic development under Sharia economic law. However, many Muslim investors still use conventional investment accounts, indicating a gap in understanding and adherence to Sharia principles. This study aims to examine the behavior of Muslim investors in making investment decisions based on Sharia principles and the factors influencing these decisions. This research employs a literature review method, with data from various journals, books, documentation, and internet sources over the past five years. The findings reveal that perceived behavioral control significantly influences investor decision-making, and attitudes toward perceived risk also impact investment decision-making. This study identifies a gap in the literature regarding Muslim investors' understanding of Islamic investment products and contributes new insights by integrating behavioral investment analysis with adherence to Sharia principles. These findings are expected to provide practical recommendations for developing the Islamic capital market in Indonesia and enhance Muslim investors' awareness and understanding of the importance of Sharia-compliant investments under Sharia economic law.

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Journal Info

Abbrev

muamalah

Publisher

Subject

Religion Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Description

Mu`amalah specializes in the study of sharia economic law, as well as conducting scientific publications containing research articles on sharia economic law to support the development of Islamic jurisprudence. This journal is published twice a year in the January-June period and the July-December ...