It turns out that investments and stocks are allowed as long as they comply with sharia principles. This is Ustadz Hanan Attaki's explanation.
Stock Investment Law in Islam
Quoting from Ustadz Hanan Attaki, stocks are included in one of the chapters of Islamic fiqh, which is called fiqh muamalah or the jurisprudence of relations between humans and humans. Many things are regulated in fiqh muamalah, including business matters with various akad variants.
Examples of akad known in Islam are Mudharabah or profit sharing akad and Wadiah or deposit akad. So legally, stocks are part of Islam, as long as the sharia requirements are met.
What are the sharia requirements in question? For example, there is a clear form of cooperation or akad, in accordance with Islamic justice. The activities carried out must also comply with sharia, nothing should be violated. Apart from that, the product must have broad benefits not only for oneself but also for other people, not be something haram, and of course it must comply with sharia.
Legally, stocks that are based on justice, benefit and pay strict attention to sharia restrictions are sharia stocks.
One important thing to remember, whether a stock is a sharia stock or not is seen from its practice, not the name of the stock itself.
How to choose sharia-compliant stocks?
There are several things you can do, such as studying what you want to do and what you choose, including sharia science, muamalah science and fiqh muamalah. It is also important to carefully study the stocks chosen, such as the akad used and whether there is a sharia board that supervises it.
Listen to Ustadz Hanan Attaki's detailed explanation about stock investment laws and how to choose sharia-compliant stocks below.
Sharia Stock Investing Made Easy with Jago Syariah RDN
In today's digital world, you can easily experience the convenience and simplicity of investing. With Jago Syariah and its ecosystem, you can invest in sharia-compliant stocks for a more blessed and peaceful experience.
The importance of the Customer Fund Account (RDN) for stock investing
Before starting your stock investment journey, there is one account you must have: the Customer Fund Account (Rekening Dana Nasabah or RDN).
1. What is an RDN?
An RDN is a special bank account used to hold investor funds designated for buying and selling transactions in the capital market (stocks, bonds, mutual funds).
2. Why do I need an RDN for stock investing?
-
Regulation and Security: The RDN is mandatory because it is regulated by the Financial Services Authority (OJK). The RDN functions to separate your investor funds from the operational accounts of the brokerage firm. This ensures your funds are safe and protected.
-
Source of Transaction Funds: All funds you use to buy stocks, as well as the proceeds from selling stocks, must pass through your RDN.
3. What is the difference between an RDN and a regular bank account?
Although an RDN is opened at a bank, it differs from a regular bank account:
-
Difference in Purpose: Your regular bank account is used for daily transactions, bill payments, and cash withdrawals. The RDN, however, is specifically created for capital market transactions (buying or selling stocks).
-
Difference in Usage: A regular account is free for all types of transactions. The RDN has restrictions; you cannot use it for ATM cash withdrawals, automatic payments, or other non-investment transfers.
2 Ways to Start Sharia Stock Investing with Jago Syariah
With the Jago Syariah RDN, you can have a designated Pocket for all your sharia investments, making it easier to invest according to sharia principles.
1. Upgrading to Bibit Plus using RDN Jago Syariah is a way to be able to choose various sharia investments
You probably already know that through the Bibit application, you can invest in sharia mutual fund products. But now, you can buy not only mutual funds on Bibit.
Want more sharia investment options that you can access? Through the Bibit application, you can upgrade your account to Bibit Plus. Apart from being able to buy mutual funds, with the Bibit Plus account you can buy FR bonds and stocks using Jago Syariah RDN. In other words, Jago Syariah RDN will be the ultimate Pocket for all your sharia investments.
2. Sharia stock investment: simple and practical on Stockbit using Jago Syariah RDN
For those of you who like investing in stocks, even if you are just a beginner, you can enjoy the power of the Jago Syariah ecosystem with Stockbit. Through the Stockbit application, you can create Jago Syariah RDN in just a matter of hours. In other words, Jago Syariah RDN can be created from anywhere and at any time. After that, you can make stock transactions right away.
The awesome thing about using Jago Syariah RDN, you can top up your balance very quickly by moving money from the Jago Syariah Pocket to the RDN Pocket via the Jago application.
Alhamdulillah, investors with sharia preferences can have more peace of mind investing in various sharia investment products with Jago Syariah and its digital ecosystem.
