Main Article Content
Abstract
Dalam dunia keuangan, investasi yang mengikuti prinsip syariah telah menjadi topik yang penting. Konsep modifikasi syariah menjadi dasar untuk pengembangan produk investasi yang sesuai dengan hukum Islam. Artikel ini menganalisis pengaruh modifikasi syariah terhadap kerangka risiko dan return. Data dikumpulkan dari literatur keuangan dan penelitian terkait, kemudian dianalisis untuk mengevaluasi implikasi modifikasi syariah. Hasilnya menunjukkan bahwa modifikasi syariah dapat mengurangi risiko dan tetap memberikan return yang kompetitif.
In the financial world, investments following Sharia principles have become a significant focus. The concept of Sharia modification serves as the basis for developing investment products compliant with Islamic law. This article analyzes the impact of Sharia modification on the framework of risk and return. Data were collected from financial literature and related research, then analyzed to evaluate the implications of Sharia modification. The results indicate that Sharia modification can mitigate risks while still providing competitive returns.
Keywords
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
References
- El-Galfy, A. S., & Fahmy, H. (2019). Islamic investment screening strategies: A literature review. Journal of Islamic Accounting and Business Research, 10(2), 168-185.
- Hasan, Z. (2018). Islamic finance: Principles, performance, and prospects. Journal of Economic Surveys, 32(1), 273-300.
- Hussin, N. M. (2017). A systematic literature review on Islamic equity investment: Trends and future research directions. Journal of Islamic Marketing, 8(3), 444-462.
- Iqbal, Z., & Mirakhor, A. (2017). Introduction to Islamic finance: Theory and practice. John Wiley & Sons.
- Karbhari, Y., & Crane, A. (2018). Ethical investment screening in the age of globalisation: A critical review of conventional and Islamic perspectives. Journal of Business Ethics, 151(2), 353-378.
- Mohamad, S. A., & Power, D. M. (2020). Shari'ah-compliant investments and their financial performance: A literature review. International Journal of Islamic and Middle Eastern Finance and Management.
- Naqvi, B. Z. (2019). Handbook of Islamic finance. Edward Elgar Publishing.
- Rosly, S. A. (2018). Critical issues on Islamic banking and financial markets: Islamic economics, banking and finance, investments, Takaful and Financial Planning. Open University Malaysia Press.
- Saiti, B., Bacha, O. I., & Masih, M. (2019). Do the Shari’ah compliant stocks outperform the conventional stocks? A sectorial analysis. Journal of Economic Behavior & Organization, 157, 1-23.
- Warde, I. (2018). Islamic finance in the global economy. Edinburgh University Press.