Recently, investment has ceased to be an exclusive topic for capital\nmarket professionals and has attracted the attention of various segments\nof society. This phenomenon is reflected in the continuously rising\nnumber of investors in Indonesia. Data from PT Kustodian Sentral Efek\nIndonesia (KSEI) shows that the number of Indonesian capital market\ninvestors reached more than 20 million Single Investor Identifications\n(SID) by the end of 2025. Interestingly, the majority of these investors\ncome from young age groups, particularly those under 30, indicating that\npublic awareness of the importance of investment is increasing. From\nuniversity students to housewives, everyone is becoming financially\nliterate about mutual funds, digital gold, and even cryptocurrency.<\/p>\n
Unfortunately, amidst this growing public interest in investment,\nconsideration of whether investment practices align with Islamic ethical\nprinciples is still often neglected. An important question thus arises:\nis the way we invest ethically correct?<\/p>\n
Islam, as a religion that governs all aspects of life, actually has a\nclear perspective on this matter. It is not merely about halal and\nharam, but also about justice, honesty, and social responsibility in\nmanaging wealth. Let us discuss this.<\/p>\n
Wealth is a Trust, Not an Absolute Possession<\/p>\n
In the Islamic view, all the wealth we possess is essentially a trust\nfrom Allah SWT. Consequently, we are not free to treat wealth as we\nplease. Wealth must be circulated, developed, and utilised\nproductively\u2014not hoarded, nor pursued in ways that harm others.<\/p>\n
From this principle, three \u201cred flags\u201d emerge that every Muslim\ninvestor must avoid:<\/p>\n
Riba, which is profit obtained unjustly, usually through an\ninterest system that benefits one party regardless of the actual outcome\nof the business.<\/p><\/li>\n
Gharar, which is a lack of clarity regarding the investment\nobject, risks, or transaction mechanism.<\/p><\/li>\n
Maysir, which is speculation akin to gambling, based on chance\nwithout a real business foundation.<\/p><\/li>\n<\/ul>\n
As a replacement, Islam offers the concept of profit and loss\nsharing. Simply put, profits are shared together, and losses are borne\ntogether, according to each party\u2019s portion. Thus, no party continuously\n\u201cwins\u201d without bearing any risk.<\/p>\n
Sharia Banking, an Interest-Free Solution<\/p>\n
For those wishing to apply these principles in practice, sharia\nbanking can be one option. Sharia banks have various contract schemes\nthat replace the conventional interest system, including:<\/p>\n
Mudharabah, where the capital owner and the business manager\ncooperate, and profits are shared according to an agreement.<\/p><\/li>\n
Musyarakah, where both parties contribute capital and share\nprofits and losses together.<\/p><\/li>\n
Murabahah, a sale-and-purchase transaction with a profit margin\nagreed upon from the outset, so the price is fixed and there are no\n\u201csurprises\u201d along the way.<\/p><\/li>\n
Ijarah, a lease contract.<\/p><\/li>\n<\/ul>\n
All these transactions are supervised by a Sharia Supervisory Board.\nThus, there is a supervisory mechanism ensuring that practices comply\nwith sharia principles, not just a label.<\/p>\n
Profit is Permissible, But Risk Must Not Be Forgotten<\/p>\n
There is an interesting principle in Islam regarding investment:\nal-ghunmu bil-ghurmi\u2014the right to profit must go hand in hand with the\nwillingness to bear risk. This means that if you want profit, you must\nalso be prepared to bear the possibility of loss. There is no such thing\nas \u201cguaranteed profit without risk\u201d in a healthy investment.<\/p>\n
Risk itself comes in various forms: market risk due to changing\neconomic conditions, liquidity risk when assets are difficult to\nliquidate, and operational risk from poor business management. Islam\nemphasises the importance of prudence\u2014study the business prospects\nfirst, do not just follow trends, especially those that are purely\nspeculative.<\/p>\n
Start With Your Own Wallet<\/p>\n
Investment ethics are actually rooted in something more fundamental:\nhow we manage our personal finances daily. Islam teaches a balance\nbetween income and expenditure, and prohibits a wasteful lifestyle not\nbased on need.<\/p>\n
Additionally, there are social obligations that are often forgotten:\nzakat, infak, and sadaqah. These three are not merely ritual\nobligations, but also means of distributing wealth so that its benefits\nare felt more widely by society.<\/p>\n
Investment That Is Not Just About Profit<\/p>\n
Ultimately, ethics in investment and sharia finance teach one simple\nthing: money can be grown, but the method must maintain honesty,\njustice, and care for others. Financial profit is important, but the\nblessings and peace of heart gained from the right way are truly\ninvaluable.<\/p>\n
Therefore, before rushing to follow the latest investment trends, it\nis worth asking ourselves: is our investment in accordance with the\ncorrect principles?<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/islamic-investment-ethics-seeking-profit-without-losing-blessings-1782298477", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }