ANALISIS SWOT PASAR MODAL SYARIAH SEBAGAI SUMBER PEMBIAYAAN DI INDONESIA
DOI:
https://doi.org/10.24090/ej.v8i2.3957Keywords:
Pasar Modal Syariah, Bank, SWOTAbstract
The purpose of this study is to provide a literature review of the problems currently faced by Islamic Capital Markets, given that Islamic capital market products have not been used significantly as a source of financing outside of Islamic Banks. Whereas the opportunity as an alternative source of funding is quite large, especially because of the potential of the majority of Indonesian Muslims. The method used in this study is the literature method based on the most up-to-date reading sources from books and journals. Data analysis methods used are SWOT analysis so that it is expected to find the right strategic solution for using the Islamic capital market as a source of financing outside the bank. The results of the analysis indicate that the use of Islamic capital market products has a positive force by continuously maintaining its existence. Its superiority is influenced by its activities which avoid Maghrib (Maysir, haram, usury and gharar). The impact is very significant on environmental empowerment or 'green economy' because it indirectly prohibits the practice of destroying natural resources for stakeholder actors. The disadvantage is the large number of human resources in the Islamic Capital Market who are unable to use sophisticated technology appropriately and optimally. Opportunities come from technological developments and increasing public financial literacy on the Islamic capital market. The obstacle is that there is a high risk due to external factors, namely political, economic, socio-cultural changes that must be watched because there is always no certainty about it.References
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Rusdin. 2008. Pasar Modal Cet.I. Bandung: Alfabeta.
Robiyanto, R. (2018). Testing of the Gold's Role as a Safe Haven and Hedge for Sharia Stocks in Indonesia. Al-Iqtishad Journal of Islamic Economics, 10(2), 255-266.
Suparmoko, N. 2007. Ekonomi untuk SMA dan MA Kelas XI. Jakarta: Quadra.
Setiawan, C., Wati, K., & Putu, N. (2019). Factors Affecting the Performance of Sharia Equity Funds in Indonesia. Iranian Journal of Management Studies, 12(4), 481-508.
Sumantyo, R., & Savitri, D. A. (2019). Macroeconomic variables towards net asset value of sharia mutual funds in Indonesia and Malaysia. Jurnal Keuangan dan Perbankan, 23(2), 300-307.
Rethel, L. (2018). Economic governance beyond state and market: Islamic capital markets in Southeast Asia. Journal of contemporary Asia, 48(2), 301-321
Tandelilin, Eduardus. 2001. Analisis Investasi dan Manajemen Portofolio Cet.I. Yogyakarta: BPFE.
Puranidhi, A. L. Wahyu. Potensi Pasar Modal Syariah Indonesia Terbesar di Dunia. (18 Mar 2019, 14:15 WIB). Liputan6.com. URL: https://www.liputan6.com/bisnis/read/3919639/potensi-pasar-modal-syariah-indonesia-terbesar-di-dunia
Utami, S. A., Cakhyaneu, A., & Rohmana, Y. (2018). Sharia Compliance of Sharia Asset-Backed Securities.
Yuliana, R., Anshori, M., & Alim, M. N. (2015). Real Earnings Management in the Indonesian Sharia Capital Market. Procedia-Social and Behavioral Sciences, 211, 866-873.
.
Alnori, F., & Alqahtani, F. (2019). Capital structure and speed of adjustment in non-financial firms: Does sharia compliance matter? Evidence from Saudi Arabia. Emerging Markets Review, 39, 50-67.
Anoraga, P., & Widiyanti, N. (1992). Pasar modal: keberadaan dan manfaatnya bagi pembangunan. Rineka Cipta.
Antonio, M. S., Laela, S. F., & Darmawan, R. R. (2019). Corporate Governance, Earnings Quality and Market Response: Corparison of Islamic and Non-Islamic Stock in The Indonesian Capital Market. Academy of Accounting and Financial Studies Journal, 23, 1-22.
Astuty, Widia. (2015). The extraordinary solution for Indonesia economic crisis: Shariah capital market. Journal of Finance, 3(2), 47-56.
Billah, M. M. S. (2018). Shari'ah Standard of Stock Screening in the Capital Market. In The Name of Allah, The most Beneficent, The most Merciful, 11.
Budiman, Arief. Perkembengan dan Tantangan Pasar Modal Syariah Indonesia. (16 Mei 2019, 09;39 WIB). bareksa.com. URL: https://www.bareksa.com/id/text/2019/05/16/perkembangan-dan-tantangan-pasar-modal-syariah-indonesia/22290/news
Darmadji, T. & Fakhrudin. 2006. Pasar Modal di Indonesia Pendekatan Tanya Jawab. Jakarta: Salemba Empat.
Databoks.katadata.co.id. 2019. Jumlah penduduk Indonesia2019 mencapai 267 juta jiwa. URL: https://databoks.katadata.co.id/datapublish/2019/01/04/jumlah-penduduk-indonesia-2019-mencapai-267-juta-jiwa
Dosenakuntansi.com. Pengertian dan Prinsip Pasar Modal Syariah Terlengkap. 12 june, 2017. URL: https://dosenakuntansi.com/prinsip-pasar-modal-syariah
databoks.katadata.co.id. Jumlah Penduduk Indonesia akan Mencapai Puncaknya pada 2062. URL: https://databoks.katadata.co.id/datapublish/2018/07/08/jumlah-penduduk-indonesia-akan-mencapai-puncaknya-pada-2062
Hidayat, Y. (2018). Regulations Related to the Establishment and Development of Sharia Financial Institutions in Indonesia. Journal of Legal, Ethical and Regulatory Issues, 21(4), 1-9.
idx.co.id. Produk Syariah. (15 desember 2019, 14:56 WIB). URL: https://www.idx.co.id/idx-syariah/produk-syariah/
Keuangan.kontan.co.id. Bank antisipasi debitur berpindah ke pasar modal. Ed. Sanny Cicilia, Rep. Galvan Yudistira. (15 januari 2018, 10:41 WIB). URL: https://keuangan.kontan.co.id/news/bank-antisipasi-debitur-berpindah-ke-pasar-modal
Kevin, Anthony & Purnomo, Herduru. Ekonim RI Cukup Berat, Bahkan Berat Sekali!. (14 agust 2019, 08:03 WIB). cnbcindonesia.com. URL: https://www.cnbcindonesia.com/news/20190813184207-4-91813/ekonomi-ri-cukup-berat-bahkan-berat-sekali
Kholil, Ahmad. Mengenal Produk Syariah di Pasar Modal. (11 juli 2018, 01:07 WIB). sharianews.com. URL: https://sharianews.com/posts/mengenal-produk-syariah-di-pasar-modal
Mindtools.com. Analisis SWOT: Cara Mengembangkan Strategi Untuk Sukses. URL: https://www.mindtools.com/pages/article/newTMC_05.htm
Wareca, Monica. Darmin: Pasar Modal Alternatif Pembiayaan ‘Bukan Basa Basi’. (23 agustus 2019, 09:45 WIB). cnbc.com. URL: https://www.cnbcindonesia.com/market/20190823093630-17-94107/darmin-pasar-modal-alternatif-pembiayaan-bukan-basa-basi
Mahrofi, Zubi. Ed. Ahmad Wijaya. OJK tingkatkan Peran Pasar Modal Sediakan Pembiayaan Pembangunan. (28 desember 2018, 21:13 WIB). antaranews.com. URL: https://www.antaranews.com/berita/782090/ojk-tingkatkan-peran-pasar-modal-sediakan-pembiayaan-pembangunan
Novalia, Ike. 2019. Apa saja Perbedaan Pasar Modal Syariah dan Konvensional. Finansialku.com. URL: https://www.finansialku.com/perbedaan-pasar-modal-syariah-dan-konvensional/
Putra, Dwitya. Pentingnya Regulasi Khusus Demi Mendorong Peran Pasar Modal. (20 desember 2017). infobanknews.com. URL: http://infobanknews.com/pentingnya-regulasi-khusus-demi-mendorong-peran-pasar-modal/
Qoyum, A., Mardiya, M., & Sakti, M. R. P. (2018). Indonesian Capital Market Efficiency: Islamic vis-a-vis Conventional. Shirkah: Journal of Economics and Business, 2(3).
Rusdin. 2008. Pasar Modal Cet.I. Bandung: Alfabeta.
Robiyanto, R. (2018). Testing of the Gold's Role as a Safe Haven and Hedge for Sharia Stocks in Indonesia. Al-Iqtishad Journal of Islamic Economics, 10(2), 255-266.
Suparmoko, N. 2007. Ekonomi untuk SMA dan MA Kelas XI. Jakarta: Quadra.
Setiawan, C., Wati, K., & Putu, N. (2019). Factors Affecting the Performance of Sharia Equity Funds in Indonesia. Iranian Journal of Management Studies, 12(4), 481-508.
Sumantyo, R., & Savitri, D. A. (2019). Macroeconomic variables towards net asset value of sharia mutual funds in Indonesia and Malaysia. Jurnal Keuangan dan Perbankan, 23(2), 300-307.
Rethel, L. (2018). Economic governance beyond state and market: Islamic capital markets in Southeast Asia. Journal of contemporary Asia, 48(2), 301-321
Tandelilin, Eduardus. 2001. Analisis Investasi dan Manajemen Portofolio Cet.I. Yogyakarta: BPFE.
Puranidhi, A. L. Wahyu. Potensi Pasar Modal Syariah Indonesia Terbesar di Dunia. (18 Mar 2019, 14:15 WIB). Liputan6.com. URL: https://www.liputan6.com/bisnis/read/3919639/potensi-pasar-modal-syariah-indonesia-terbesar-di-dunia
Utami, S. A., Cakhyaneu, A., & Rohmana, Y. (2018). Sharia Compliance of Sharia Asset-Backed Securities.
Yuliana, R., Anshori, M., & Alim, M. N. (2015). Real Earnings Management in the Indonesian Sharia Capital Market. Procedia-Social and Behavioral Sciences, 211, 866-873.
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Published
2020-11-27
How to Cite
Basrowi, B., Utami, P., Anggraeni, E., & Nasor, M. (2020). ANALISIS SWOT PASAR MODAL SYARIAH SEBAGAI SUMBER PEMBIAYAAN DI INDONESIA. El-Jizya : Jurnal Ekonomi Islam, 8(2), 210–227. https://doi.org/10.24090/ej.v8i2.3957
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