Determination of Muslim Investor Behavior in Investing in Indonesian Capital Markets through Investor Intention

Abstract

Islamic governments ranging from the Messenger of Allah until the period of Islamic rule did not recognize the sources of development financing from the Islamic Capital Market so that there was no Islamic Capital Market instrument. According to Achsien (2000) The first developer of the Sharia index and equity funds such as mutual funds are the United States, after The Amana Fund was launched by The North American Islamic Trust as the world’s first equity fund in 1986, three years later the Dow Jones Index launched the Down Jones Islamic Market Index ( DJIM). Shariah Suvervisory board (SSB) from Dow Jones Islamic Market (DJIM) filters out halal shares based on business activities and financial ratios. Investment is one of the teachings and concepts of Islam that fulfill the process of tadrij and trichotomy of that knowledge. It can be proven that the concept of investment American Research Journal of Business and Management ISSN-2379-1047 Volume 4, Issue 1, 17 Pages