Research Benefits ISLAMIC STOCK MARKET VOLATILITY: IS IT A PROBLEM FOR INVESTORS?
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securities listed in Indonesia Stock Exchange IDX, whereas Sharia Securities existed in the Indonesian Sharia capital market are not only
consists of 30 shares that become the constituents of JII but also consists of various types of securities besides Sharia Stocks such as Sukuk and Sharia
Mutual Fund. Since November 2007, Bapepam-LK has issued Sharia Securities
List which contains a list of Sharia Stock in Indonesia. With the DES, the people will be more easy to know what kind of shares are included in
Sharia Stock because DES as the only reference for Sharia Securities in Indonesian. The Presence of DES followed by IDX to launch Indonesia
Sharia Stock Index ISSI on May 12, 2011. ISSI constituency consists of all Sharia Stock listed on.
In the same years, precisely March 8, 2011, DSN-MUI has issued fatwa No.80 concerning The Implementation of Sharia Principles in The
Equity Trading Mechanism at The Stock Exchanges Regular Market. In the presence Fatwa, it should be able to increase the public confidence that
sharia investment in capital market was appropriate with sharia principles as long as it meet the criteria with specified in fatwa Dewan Syariah
Nasional MUI, 2011. As a follow up to the issuance of fatwas, BEI has developed a model
of online trading which appropriate with sharia principles to be applied by IDX members on september, 2011. With the presence of this system, the
development of sharia investment in capital market is expected to increase because the investors will be more easy and convenient to make sharia
transaction.
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