<![CDATA[Main Purpose - This study aims to analyze the impact of Environmental, Social, and Governance (ESG) disclosure on investment decisions, focusing on companies listed in the Jakarta Islamic Index (JII). Method - This study uses secondary data obtained from annual reports and corporate sustainability reports for 2019-2024. The population was 60 companies registered in JII and 12 companies met the sample criteria. Data analysis was conducted using the Fixed Effect Model (FEM) based on the results of the Chow and Hausman tests. Main Findings - The results show that ESG disclosure and Cash to Total Assets have a positive effect on corporate investment decisions, while Return on Assets (ROA), Debt to Equity Ratio (DER), and Sales Growth have no effect on investment decisions. Theory and Practical Implications - These findings support Stakeholder Theory and Sharia Enterprise Theory, which emphasize the importance of social responsibility, ethics, and sustainability in creating long-term value for all stakeholders. These findings indicate that sharia investors in the Indonesian capital market consider sustainability aspects and compliance with sharia principles in making investment decisions. Novelty - Implementing ESG principles not only enhances a company's reputation but also reflects the values of maslahah (benefit), amanah (trustworthiness), and berkah (investment blessing) accordance with Islamic values. This will enhance company performance.]]>
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