Prospects and Development of Sharia Mutual Funds in Indonesia: Financial Services Authority Regulation No. 33/POJK.04/2019 Perspectives

Abstract

One institution that plays an important role in capital market activities is a sharia mutual fund company. Mutual funds are believed to have a big role in the national economy because they can mobilize funds. The developments shown to date have fluctuated with a positive trend. The purpose of this research is to look at the prospects and developments of sharia mutual funds in 2022. While the research method is a literature study with a qualitative descriptive approach. Referring to the Capital Market theory and Financial Services Authority Regulation No.33/POJK.04/2019, concerning the Issuance and Requirements of Sharia Mutual Funds as well as references to various sources of research results, including prospects and developments of sharia mutual funds in 2022, among others, first, adding variants sharia mutual fund products. Second, for investors, it can be an alternative for investors to take action as well as analyze investors who have been making direct investments abroad. Third, for Investment Managers and Sharia Mutual Fund Companies. This arrangement can provide a solution for Islamic mutual fund investment managers to fulfill the choice of sharia securities in a portfolio that is currently still limited in Indonesia. Meanwhile, in terms of the percentage of sharia mutual fund products, this variant of sharia mutual funds is varied, namely in the range of 22%, which means it is balanced with other variants. Support in the form of this regulation is expected to be a driving force for the development of sharia mutual funds in 2022.