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Abstract
Ihtikar in Islamic capital markets refers to the practice of holding back or controlling the supply of securities to artificially increase prices for personal gain. This practice can cause price distortions, economic injustice, decreased market confidence, and hamper liquidity. This article discusses the meaning of ihtikar, its impact on the sharia capital market, as well as case examples in Indonesia. To overcome this problem, stricter regulations and transparency are needed, as well as policies such as a minimum holding period to prevent market manipulation and the formation of a special body to supervise the Islamic capital market. This effort aims to maintain the integrity of the sharia capital market in accordance with Islamic principles.
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References
Abdullah, S.E., M. S., Dr. Abdul Rahman Abdi, S.E., S.Pd.I., M.M., M. B., & Dr. H. Mashur Razak, S.E., M. S. (2021). Pasar Modal Syariah Di Indonesia Tinjauan Teori dan Aspek Hukum (1 ed.). Nobel Press.
Aldyan, A. (2018). PROBLEMATIKA PENEGAKAN HUKUM KASUS CORNERING THE MARKET PADA PERDAGANGAN SAHAM DI PASAR MODAL DI INDONESIA. Jurnal Hukum dan Pembangunan Ekonomi, 6(1), 27.
Azizi, A., & Hidayatullah, M. S. (2021). Spekulasi Dalam Transaksi Pasar Modal Syariah (Potensi Keberadaan Dan Solusi Penanganan). Jurnal Hukum Ekonomi, 7(1), 51–54.
Baliza, S. (2011). Pemikiran Yusuf Al-Qardhawi Tentang Ihtikar (Dalam Kitab Halal Haram Fil Islam). Universitas Islam Negeri Sultan Syarif Kasim Pekanbaru.
Gusniarti. (2015). DISTORSI PASAR DALAM PROSES TRANSAKSI SEKURITAS SYARIAH DI PASAR SEKUNDER. etikonomi, 14(2), 147–174. https://journal.uinjkt.ac.id/index.php/etikonomi
Izwany, B., & Jamal, S. (2021). Ihtikar Menurut Hukum Islam dan Hukum Positif. Jurnal Tahqiqa, 15(1), 40.
Lutfiyah, A., Raharjo, D. P., & Ghozal, M. L. (2022). Implementasi Fatwa Dewan Syariah Nasional - Majelis Ulama Indonesia (DSN- MUI) Terhadap Pasar Modal Syariah di Pasar Modal Syariah Indonesia. Jurnal Ilmiah Ekonomi Islam, 8(3).
Muslim, M. B. (2010). Ihtikar dan dampaknya terhadap dunia ekonomi. Jurnal Studi Al-Qur’an, 6(1), 13.
Siregar, S. (2017). Perspektih Hukum Islam Mengenai Mekanisme Manipulasi Pasar Dalam Transaksi Saham Di Pasar Modal. Yurisprudentia, 3(2), 88.