IMPLEMENTASI TRANSAKSI JUAL BELI SAHAM DI PASAR MODAL DALAM PERSPEKTIF HUKUM ISLAM

Jakarta Islamic Index (JII) is the latest sharia index developed by the Jakarta Stock Exchange in cooperation with Danareksa Investment Management. Sharia index is an index based on Islamic sharia. Shares in the Sharia Index are issuers whose business activities are not contradictory to sharia, such as: (1) gambling and gambling business or forbidden trading; (2) conventional financial institution business (ribawi) including conventional banking and insurance; (3) business of producing, distributing and trading food and beverages classified as haram; (4) business that produces, distributes and / or provides goods or services that are morally destructive and harmful. The sale and purchase of shares of the issuer in the sharia capital market is allowed under the Fatwa DSN No. 5 / DSN-MUI / IV / 2000 jo. DSN-MUI No. 40 / DSN-MUI / X / 2003. Fatwa DSN MUI views buying and selling Sharia shares is part of one of the sharia economic system. Steps taken by all parties including the Indonesian Ulema Council which has issued all the rules regarding the principles of sharia in the sale and purchase of shares and Bapepam itself that has accommodated the provisions of the MUI. The syariah filter is given only to listed companies that pass the 3 (three) selection tests, namely: sharia selection, selection of capitalist value, and transaction volume selection. Keywords: Share purchase-capital market- perspective o