Stock in the Sharia Economic Perspective

Moh. Asra

doi:10.35316/ris.v2i1.471

Moh. Asra Fakultas Syariah dan Ekonomi Islam, Universitas Ibrahimy, Indonesia

https://doi.org/10.35316/ris.v2i1.471

Keywords: buying-selling (al-bay’), stock, stock exchange, emitten

Abstract

Islam encourages all its followers to work and seek livelihood to meet the needs of life both for himself or his family. Work to find livelihood in Islam like or equal to someone who jihad in the way of Allah. Investing in the context of seeking halal profit is highly recommended in sharia. One form of investment is the sale of stocks (securities as proof of ownership in a company), which is a form of cooperation with other parties to obtain profits. Stocks are goods or assets that can be traded on the stock exchange. Buying and selling stocks is not a new thing in this country. Trade like this stock exchange regulations and systems are well organized. Stock trading is one of many types of buying and selling transactions. Buying and selling in Islamic economics is a type of business activity that can be seen from many aspects, for example from fiqh mu’amalah (Sharia Economic Law). Buying and selling stocks (securities that indicate someone's ownership of a particular company's assets, of course, are allowed as long as following sharia principles, including not containing the element of gharar, not containing maysir and so on.

References

Al-Alusi (2001) Rûh al-Maânî: Juz VII. Lebanon: Dâr al-Kutub al-‘Ilmiyah.
Al-Baqi, M. F. ‘Abd (no date) Al-Mu’jam al-Mufahras. Bairut: Dār al- Fikr.
Al-Jurjâwî, ‘Alî (no date) Al-Tashrî’ wa Falsafatuhû: Juz I. Lebanon: Dar al-Fikr.
Al-Marâghî, M. (no date) Tafsîr al-Marâghî: Juz 1. Bairut: Dār al-Fikr.
Al-Qardāwī, Y. (2006) Norma Dan Etika Ekonomi Islam. Jakarta: Gema Insani Press.
Al-Suyātī (no date) Sharh Al-Jāmi al-Saghīr: Vol. 2. Bairut: Dār al-Fikr.
Al-Tabari (2004) Jāmi’al-Bayān ‘an Ta’wīl āy al- Qur’ān. Bairut: Dar al-Fikr.
Al-Zuhaili, W. (2011) Al-Tafsîr al-Munîr fi al-Aqȋdah wa al-Sharȋ‘ah wa al-Manhaj: Juz III. Damshiq: Dar al-Fikr.
Al-Zuḥailȋ, W. (2004) al-Fiqh al-Islâmȋ wa Adillatuhû: Juz V. IV. Damshiq: Dar al-Fikr.
Antonio, M. (2001) Bank Syariah: dari teori ke praktik. Jakarta: Gema Insani Press.
At-Tariqi, A. (2004) Ekonomi Islam, Prinsip, Dasar dan Tujuan. Yogyakarta: Magistra Insania Press.
Azis, M., Mintarti, S. and Nadir, M. (2015) Manajemen Investasi Fundamental, Teknikal, Perilaku Investor dan Return Saham. Yogyakarta: Budi Utama.
DEPAG-RI (2011) Al-Quran dan Terjemahnya. Bandung: Mizan.
Manan, A. (2015) Aspek Hukum Dalam Penyelenggaraan Investasi di Pasar Modal Syariah. Jakarta: Prenada Media.
Nafik, M. (2009) Bursa Efek dan Investasi Syari’ah. Surabaya: Serambi Ilmu Semesta.
Nuruddin, A. (2010) ‘SDM Berbasis Syariah’, TSAQAFAH: Jurnal Peradaban Islam, 6(1), p. 27. doi: 10.21111/tsaqafah.v6i1.137.
Rahardjo, S. (2006) Kiat Membangun Aset Kekayaan. Jakarta: Gramedia.
Rokhim, A. (2014) ‘Kontroversi Produk Bank Sharî‘ah’, ISLAMICA: Jurnal Studi Keislaman, 5(1), p. 44. doi: 10.15642/islamica.2010.5.1.44-60.
Shalthout, M. (no date) Islâm Aqîdah wa Sharî’ah. Kairo: Dâr al-‘Ulûm.
Shihab, M. Q. (2006) Wawasan al-Qur’an tentang Zikir dan Doa. Bandung: Mizan.
Syah, I. M. (1991) Filsafat Hukum Islam. Jakarta: Bumi Aksara.
Tasmara, T. (2002) Membudayakan etos kerja islami. Jakarta: Gema Insani Press.