𝐊𝐄𝐋𝐎𝐌𝐏𝐎𝐊 7. 𝐏𝐑𝐈𝐍𝐒𝐈𝐏 𝐃𝐀𝐍 𝐏𝐄𝐑𝐊𝐄𝐌𝐁𝐀𝐍𝐆𝐀𝐍 𝐏𝐀𝐒𝐀𝐑 𝐌𝐎𝐃𝐀𝐋 𝐒𝐘𝐀𝐑𝐈𝐀𝐇 𝐃𝐈 𝐈𝐍𝐃𝐎𝐍𝐄𝐒𝐈𝐀

𝐏𝐫𝐢𝐧𝐬𝐢𝐩 𝐩𝐚𝐬𝐚𝐫 𝐦𝐨𝐝𝐚𝐥 𝐬𝐲𝐚𝐫𝐢𝐚𝐡 𝐝𝐢 𝐢𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚

     𝙰𝚍𝚊𝚙𝚞𝚗 𝚙𝚛𝚒𝚗𝚜𝚒𝚙𝚗𝚢𝚊 𝚢𝚊𝚒𝚝𝚞 

⍟ 𝚙𝚎𝚖𝚋𝚒𝚊𝚢𝚊𝚊𝚗 𝚍𝚊𝚗 𝚒𝚗𝚟𝚎𝚜𝚝𝚊𝚜𝚒 𝚑𝚊𝚗𝚢𝚊 𝚍𝚊𝚙𝚊𝚝 𝚍𝚒𝚕𝚊𝚔𝚞𝚔𝚊𝚗 𝚙𝚊𝚍𝚊 𝚊𝚜𝚎𝚝 𝚊𝚝𝚊𝚞 𝚔𝚎𝚐𝚒𝚊𝚝𝚊𝚗 𝚞𝚜𝚊𝚑𝚊 𝚢𝚊𝚗𝚐 𝚑𝚊𝚕𝚊𝚕

⍟ 𝚞𝚊𝚗𝚐 𝚊𝚍𝚊𝚕𝚊𝚑 𝚊𝚕𝚊𝚝 𝚋𝚊𝚗𝚝𝚞 𝚙𝚎𝚛𝚝𝚞𝚔𝚊𝚛𝚊𝚗 𝚗𝚒𝚕𝚊𝚒 𝚍𝚊𝚗 𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚑𝚊𝚛𝚝𝚊 𝚊𝚔𝚊𝚗 𝚖𝚎𝚗𝚎𝚛𝚒𝚖𝚊 𝚋𝚊𝚐𝚒 𝚑𝚊𝚜𝚒𝚕 𝚍𝚊𝚛𝚒 𝚖𝚊𝚗𝚏𝚊𝚊𝚝 𝚢𝚊𝚗𝚐 𝚝𝚒𝚖𝚋𝚞𝚕 𝚍𝚊𝚛𝚒 𝚔𝚎𝚐𝚒𝚊𝚝𝚊𝚗 𝚞𝚜𝚊𝚑𝚊 𝚖𝚊𝚔𝚊 𝚙𝚎𝚖𝚋𝚒𝚊𝚢𝚊𝚊𝚗 𝚍𝚊𝚗 𝚒𝚗𝚟𝚎𝚜𝚝𝚊𝚜𝚒 𝚜𝚢𝚊𝚛𝚒𝚊𝚑 𝚑𝚊𝚛𝚞𝚜 𝚙𝚊𝚍𝚊 𝚖𝚊𝚝𝚊 𝚞𝚊𝚗𝚐 𝚢𝚗𝚐 𝚜𝚊𝚖𝚊 𝚍𝚎𝚗𝚐𝚊𝚗 𝚙𝚎𝚖𝚋𝚞𝚔𝚞𝚊𝚗 𝚔𝚎𝚐𝚒𝚊𝚝𝚊𝚗 𝚞𝚜𝚊𝚑𝚊

⍟ 𝚊𝚔𝚊𝚍 𝚊𝚍𝚊𝚕𝚊𝚑 𝚝𝚎𝚛𝚓𝚊𝚍𝚒 𝚊𝚗𝚝𝚊𝚛𝚊 𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚑𝚊𝚛𝚝𝚊 𝚍𝚎𝚗𝚐𝚊𝚗 𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚞𝚜𝚊𝚑𝚊 

⍟𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚑𝚊𝚛𝚝𝚊 𝚍𝚊𝚗 𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚞𝚜𝚊𝚑𝚊 𝚝𝚒𝚍𝚊𝚔 𝚋𝚘𝚕𝚎𝚑𝚎𝚗𝚐𝚋𝚒𝚕 𝚛𝚎𝚜𝚒𝚔𝚘 𝚢𝚊𝚗𝚐 𝚖𝚎𝚕𝚎𝚋𝚒𝚑𝚒 𝚔𝚎𝚖𝚊𝚖𝚙𝚞𝚊𝚗 𝚢𝚊𝚗𝚐 𝚍𝚊𝚙𝚊𝚝 𝚖𝚎𝚗𝚒𝚖𝚋𝚞𝚕𝚔𝚊𝚗 𝚔𝚎𝚛𝚞𝚐𝚒𝚊𝚗 𝚢𝚊𝚗𝚐 𝚜𝚎𝚋𝚎𝚗𝚊𝚛𝚗𝚢𝚊 𝚍𝚊𝚙𝚊𝚝 𝚍𝚒𝚑𝚒𝚗𝚍𝚊𝚛𝚒.

⍟𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚑𝚊𝚛𝚝𝚊 𝚙𝚎𝚖𝚒𝚕𝚒𝚔 𝚞𝚜𝚊𝚑𝚊 𝚖𝚊𝚞𝚙𝚞𝚗 𝚋𝚞𝚛𝚜𝚊 𝚑𝚊𝚕- 𝚑𝚊𝚕 𝚢𝚊𝚗𝚐 𝚖𝚎𝚗𝚢𝚎𝚋𝚊𝚋𝚔𝚊𝚗 𝚐𝚊𝚗𝚐𝚐𝚞𝚊𝚗 𝚢𝚊𝚗𝚐 𝚍𝚒𝚜𝚎𝚗𝚐𝚊𝚓𝚊 𝚊𝚝𝚊𝚜 𝚖𝚎𝚔𝚊𝚗𝚒𝚜𝚖𝚎 𝚙𝚊𝚜𝚊𝚛[1]

 

𝐅𝐮𝐧𝐠𝐬𝐢 𝐝𝐚𝐧 𝐬𝐞𝐣𝐚𝐫𝐚𝐡 𝐩𝐞𝐫𝐤𝐞𝐦𝐛𝐚𝐧𝐠𝐚𝐧

       𝚏𝚞𝚗𝚐𝚜𝚒 𝚎𝚔𝚘𝚗𝚘𝚖𝚒 𝚙𝚊𝚜𝚊𝚛 𝚖𝚘𝚍𝚊𝚕 𝚝𝚎𝚛𝚌𝚎𝚛𝚖𝚒𝚗 𝚍𝚊𝚕𝚊𝚖 𝚙𝚎𝚗𝚢𝚎𝚍𝚒𝚊𝚊𝚗 𝚏𝚊𝚜𝚒𝚕𝚒𝚝𝚊𝚜 𝚞𝚗𝚝𝚞𝚔 𝚖𝚎𝚖𝚒𝚗𝚍𝚊𝚑𝚔𝚊𝚗 𝚍𝚊𝚗𝚊 𝚍𝚊𝚛𝚒 𝚞𝚗𝚒𝚝 𝚜𝚞𝚛𝚙𝚕𝚞𝚜 𝚔𝚎 𝚞𝚗𝚒𝚝 𝚍𝚎𝚏𝚒𝚜𝚒𝚝.

𝙵𝚞𝚗𝚐𝚜𝚒 𝚔𝚎𝚞𝚊𝚗𝚐𝚊𝚗 𝚍𝚊𝚙𝚊𝚝 𝚍𝚒𝚕𝚒𝚑𝚊𝚝 𝚍𝚊𝚛𝚒 𝚙𝚎𝚛𝚊𝚗 𝚙𝚊𝚜𝚊𝚛 𝚖𝚘𝚍𝚊𝚕 𝚍𝚊𝚕𝚊𝚖 𝚙𝚎𝚗𝚢𝚎𝚍𝚒𝚊𝚊𝚗 𝚍𝚊𝚗𝚊 𝚢𝚊𝚗𝚐 𝚍𝚒𝚕𝚊𝚔𝚞𝚔𝚊𝚗 𝚘𝚕𝚎𝚑 𝚞𝚗𝚒𝚝𝚜𝚞𝚛𝚙𝚕𝚞𝚜 𝚞𝚗𝚝𝚞𝚔 𝚍𝚒𝚐𝚞𝚗𝚊𝚔𝚊𝚗 𝚙𝚊𝚛𝚊 𝚞𝚗𝚒𝚝 𝚍𝚎𝚏𝚒𝚜𝚒𝚝.

        𝚓𝚒𝚔𝚊 𝚍𝚒𝚕𝚒𝚑𝚊𝚝 𝚍𝚊𝚛𝚒 𝚜𝚎𝚐𝚒 𝚙𝚎𝚛𝚔𝚎𝚖𝚋𝚊𝚗𝚐𝚊𝚗 𝚙𝚊𝚜𝚊𝚛 𝚖𝚘𝚍𝚊𝚕 𝚍𝚒 𝚒𝚗𝚍𝚘𝚗𝚎𝚜𝚒𝚊 𝚍𝚒𝚊𝚠𝚊𝚕𝚒 𝚜𝚎𝚓𝚊𝚔 𝚖𝚊𝚜𝚊 𝚙𝚎𝚗𝚍𝚞𝚍𝚞𝚔𝚊𝚗 𝚋𝚎𝚕𝚊𝚗𝚍𝚊 𝚍𝚒 𝚒𝚗𝚍𝚘𝚗𝚎𝚜𝚒𝚊 𝚍𝚎𝚗𝚐𝚊𝚗 𝚗𝚊𝚖𝚊 𝚟𝚎𝚛𝚎𝚗𝚢𝚗𝚐𝚒𝚗𝚐 𝚟𝚘𝚘𝚛 𝚍𝚎 𝚎𝚏𝚏𝚎𝚔𝚝𝚎𝚎𝚗𝚑𝚞𝚗𝚍𝚎𝚕 𝚙𝚊𝚍𝚊 𝚝𝚊𝚑𝚞𝚗 1912. 𝚝𝚞𝚓𝚞𝚊𝚗𝚗𝚢𝚊 𝚞𝚗𝚝𝚞𝚔 𝚖𝚎𝚗𝚐𝚑𝚒𝚖𝚙𝚞𝚗 𝚍𝚊𝚗𝚊 𝚐𝚞𝚗𝚊 𝚖𝚎𝚗𝚞𝚗𝚓𝚊𝚗𝚐 𝚎𝚔𝚜𝚙𝚊𝚗𝚜𝚒 𝚙𝚎𝚛𝚔𝚎𝚋𝚞𝚗𝚊𝚗 𝚖𝚒𝚕𝚒𝚔 𝚔𝚘𝚕𝚘𝚗𝚒𝚊𝚕 𝚋𝚎𝚕𝚊𝚗𝚍𝚊.[2]

 

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[1] Ahmad Hasan, Sistem Keuangan Syariah (Jakarta : Grasindo Media, 2005), hlm. 12.

[2] Khairul uman, Pasar Modal Syariah dan Praktik Modal Syariah, (Jakarta:  Pustaka Setia, 2005), hlm. 214.

                  𝐃𝐀𝐅𝐓𝐀𝐑 𝐏𝐔𝐒𝐓𝐀𝐊𝐀

𝙷𝚊𝚜𝚊𝚗. 𝙰𝚑𝚖𝚊𝚍, 2005, 𝚂𝚒𝚜𝚝𝚎𝚖 𝙺𝚎𝚞𝚊𝚗𝚐𝚊𝚗          𝚂𝚢𝚊𝚛𝚒𝚊𝚑 (𝙹𝚊𝚔𝚊𝚛𝚝𝚊 : 𝙶𝚛𝚊𝚜𝚒𝚗𝚍𝚘).

𝚄𝚖𝚊𝚗. 𝙺𝚑𝚊𝚒𝚛𝚞𝚕, 2005, 𝙿𝚊𝚜𝚊𝚛 𝙼𝚘𝚍𝚊𝚕                  𝚂𝚢𝚊𝚛𝚒𝚊𝚑 𝚍𝚊𝚗 𝙿𝚛𝚊𝚔𝚝𝚒𝚔 𝙼𝚘𝚍𝚊𝚕                    𝚂𝚢𝚊𝚛𝚒𝚊𝚑 (𝙹𝚊𝚔𝚊𝚛𝚝𝚊 : 𝙿𝚞𝚜𝚝𝚊𝚔𝚊                    𝚂𝚎𝚝𝚒𝚊).