pasar modal syariah

SHARIA CAPITAL MARKET

Simply put, Islamic capital market can mean a capital market that applies the principles of sharia in economic transactions and activities apart from the things in the forbidden, such as usury, gambling, speculation, and others.

When will the Islamic capital market started in Indonesia?

Islamic capital market was officially launched on March 14, 2003 along with the MoU between BAPEPAM pendatanganan with the National Islamic Council, Council of Ulama Indonesia (DSN-MUI).
Although officially launched in 2003, but the Islamic capital market instruments have been present in Indonesia since 1997. This is marked by the launch of sharia Danareksa on July 3, 1997 by PT Danareksa Management.Selanjutnya JSE Investment in cooperation with PT Danareksa Investment Management launched the Jakarta Islamic Index (JII) on July 3, 2000, which aims to guide investors who want to invest the funds in syariah.Dengan the presence of the index, then the investors have in stocks provided that can be made the means to invest in the implementation of sharia principles that have been prepared for the investors.
Further development, Islamic investment instruments in the capital markets continue to grow in the presence of Islamic bonds PT Indosat Tbk 2002.Instrumen in early September is the first bond and proceed with the issuance of Islamic bonds in 2004 to lainnya.Pada first published by Islamic bonds, or the rent covenant familiar with ijara Islamic bonds.
Furthermore, in the year 2006 a new instrument muncui Mutual fund index, which diman aindeks in use as the underlying index JII.Perkembangan Islamic capital market can not be separated from the development of other Islamic financial institutions, particularly Islamic banking. Today, Islamic financial institutions continue to grow, so do not just tedapat Islamic banking and Islamic capital markets, but also developed with the presence of Islamic insurance, Islamic pembiyaan institutions, and the Islamic pawnshops.
Implementation of sharia principles inherent in capital market instruments or securities in the sharia and fatwa council that several provisions in the Bapepam and the stock issued, while the trading mechanism has not perubahan.Oleh because it is not needed its own stock for Islamic capital markets.