TRADING IMPLEMENTATION IN INDONESIA STOCK EXCHANGE, PALEMBANG BRANCH OFFICE ACCORDING TO THE SHARI’AH LAW AND BUSINESS

Abstract

Investment in the capital market is part of the Islamic finance industry which has an important role in increasing the market share of the financial industry in Indonesia. Thus, it is necessary to explain the trading mechanism on the Indonesian stock exchange involving Islamic stocks. For this reason, researchers conducted research using a normative juridical approach. This research was conducted in Palembang by taking the object on the Indonesia Stock Exchange. The research concludes that: 1) The capital market in Indonesia is categorized into two, namely the conventional capital market and the Islamic capital market; 2) The regulation regarding the Sharia capital market is so complete by the capital market in Indonesia. Starting from the Capital Market Law, the DSN MUI and BAPEPAM fatwas; and 3) The operational mechanism of the Sharia Stock Exchange has been clearly implemented and regulated in this regulation, so that capital market players have understood what is appropriate and non-Sharia-compliant.