ANALISIS ASPEK KESESUAIAN SYARIAH PADA INVESTASI SAHAM BERBASIS SECURITIES CROWDFUNDING

Securities crowdfunding is the activity of collecting funds from individuals or groups to fund an activity or business that uses information technology that will get reciprocity from the funds that have been given. One of the securities crowdfunding is that it can issue sharia securities and/or equity securities. This study aims to explain the mechanism and analysis of Islamic economic law regarding stock investment based on Securities Crowdfunding. The research method uses a normative juridical approach regarding norms or rules sourced from the DSN MUI Fatwa Number 140/DSN-MUI/VIII/2021 with the type of variant descriptive research method. The results of this study show that the stock investment mechanism brings organizers, issuers, and financiers in crowdfunding services to finance a project or an equity (share) business. In sharia economic law, stock investment based on securities crowdfunding is following all mechanisms, provisions, and implementation regarding stock investment in crowdfunding services or securities crowdfunding-based services in terms of the contracts used and prohibitions that should not be carried out in sharia principles and by the views of classical and contemporary jurisprudence scholarsSecurities crowdfunding is the activity of collecting funds from individuals or groups to fund an activity or business that uses information technology that will get reciprocity in accordance with the funds that have been given. One of the securities crowdfunding is that it can issue a sharia securities and or securities that are equity in nature. The purpose of this study is to explain the mechanism and analysis of Islamic economic law regarding stock investment based on Securities Crowdfunding. The research method uses a normative juridical approach regarding norms or rules sourced from the DSN MUI Fatwa Number 140 / DSN-MUI / VIII / 2021 with the type of variant descriptive research method. The results of this study can be seen that the stock investment mechanism brings together organizers, issuers, and financiers in crowdfunding services to finance a project or an equity (share) business. In sharia economic law, stock investment based on securities crowdfunding is in accordance with all mechanisms, provisions and implementation regarding stock investment in crowdfunding services or securities crowdfunding-based services in terms of the contracts used and prohibitions that should not be carried out in sharia principles and in accordance with the views of classical and contemporary jurisprudence scholars Securities crowdfunding merupakan kegiatan pengumpulan dana dari individu atau kelompok untuk mendanai suatu kegiatan atau usaha yang menggunakan teknologi informasi yang akan mendapatkan timbal balik sesuai dengan dana yang telah diberikan. Salah satu securities crowdfunding yaitu dapat menerbitkan suatu efek dan atau efek syariah yang bersifat ekuitas. Tujuan dari penelitian ini untuk menjelaskan mekanisme dan analisis hukum ekonomi syariah mengenai investasi saham berbasis Securities Crowdfunding. Metode penelitian menggunakan pendekatan yuridis normatif mengenai norma atau kaidah yang bersumber dari Fatwa DSN MUI Nomor 140/DSN-MUI/VIII/2021 dengan jenis metode penelitian deskriptif varian. Hasil pada penelitian ini dapat diketahui bahwa mekanisme investasi saham mempertemukan antara penyelenggara, penerbit, dan pemodal dalam layanan urun dana untuk membiayai suatu proyek atau suatu usaha yang bersifat ekuitas (saham). Dalam hukum ekonomi syariah pada investasi saham berbasis securities crowdfunding sesuai dalam segala mekanisme, ketentuan serta pelaksanaan mengenai investasi saham dalam layanan urun dana atau berbasis securities crowdfunding dilihat dari akad-akad yang digunakan serta larangan yang tidak boleh dilakukan dalam prinsip syariah serta sesuai dengan pandangan dari ulama fikih klasik maupun kontemporer