OJK: Stock Investment Supported by DSN-MUI Fatwa and Sharia System

The Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision at the Financial Services Authority (OJK), Hasan Fawzi, stated that in the sharia context, stock investment has gained strong legitimacy through a fatwa from the National Sharia Board of the Indonesian Ulema Council (DSN-MUI) and is supported by the Sharia Online Trading System (SOTS). Hasan therefore emphasised that stock investment is not a form of gambling and is a legitimate investment instrument. “Shares are a legitimate investment instrument, and in the sharia context, they have also gained strong legitimacy through various DSN-MUI fatwas. In fact, the sharia capital market has been supported by SOTS, which ensures transactions are carried out according to sharia principles,” Hasan said during a Sharia Capital Market Public Lecture at Universitas Darussalam Gontor, according to an official statement in Jakarta on Friday. On this occasion, Hasan appreciated the opening of securities accounts by students at Universitas Darussalam Gontor and expressed hope that it would be a first step towards investing legally, gradually, and in accordance with sharia principles, while also supporting the expansion of the domestic investor base. He also reminded students not to rush into investing simply by following trends, but rather to first understand the risks of each investment instrument. “For those who have just opened accounts, do not get euphoric. Do not, just because you have an account, immediately invest capital into a specific instrument without understanding. Keep learning and understand the risks behind every investment decision taken. And most simply, always remember the 2L principle: Legal and Logical,” Hasan said. Hasan conveyed that public interest, particularly among the younger generation, in investing in the Indonesian capital market continues to show a positive trend. The number of Indonesian capital market investors had reached approximately 28.1 million as of mid-May 2026, with more than 54 per cent being investors aged under 30 years. Meanwhile, the number of capital market investors in East Java Province has reached approximately 3.1 million, making it the province with the third largest number of investors in Indonesia after West Java and DKI Jakarta. The Rector of Universitas Darussalam Gontor, Hamid Fahmy Zarkasyi, expressed his appreciation for the public lecture, as it provided important knowledge for students in facing increasingly dynamic developments in the financial sector. “Now people must be able to manage their money as best as possible in a world full of deceit, fraud, and misunderstanding. Most importantly, I hope my children do not get trapped and deceived because they do not know the science of how to invest online. Therefore, today is a very important day for all of you,” Hamid said. The public lecture was part of the 2026 Integrated Capital Market Socialisation and Education (SEPMT) series in East Java Province, targeting various community groups. In addition to the public lecture at Universitas Darussalam Gontor, other activities included capital market socialisation at the Kediri City Government and the launch of an investment gallery for civil servants within the Kediri City government. There was also a Capital Market Talkshow on Radio Andika Kediri to encourage increased literacy and inclusion in the capital market as well as investor protection, and a Carbon Trading Socialisation at the Carbon Exchange for Financial Service Institutions and Regional Industry Players in Madiun City, involving the Ministry of Environment of the Republic of Indonesia and Validation and Verification Bodies as an effort to deepen material on the Carbon Exchange. Through the 2026 SEPMT activities, the OJK hopes to optimise capital market literacy and inclusion in order to boost the number of domestic investors across various groups and increase understanding of the Carbon Exchange.