𝐊𝐄𝐋𝐎𝐌𝐏𝐎𝐊 8. 𝐈𝐍𝐕𝐄𝐒𝐓𝐀𝐒𝐈 𝐒𝐘𝐀𝐑𝐈𝐀𝐇 𝐃𝐈 𝐏𝐀𝐒𝐀𝐑 𝐌𝐎𝐃𝐀𝐋 𝐒𝐘𝐀𝐑𝐈𝐀𝐇

𝐏𝐞𝐧𝐠𝐞𝐫𝐭𝐢𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐚𝐬𝐢 𝐬𝐲𝐚𝐫𝐢𝐚𝐡

        𝚔𝚊𝚝𝚊 𝚒𝚗𝚟𝚎𝚜𝚝𝚊𝚜𝚒 𝚖𝚎𝚛𝚞𝚙𝚊𝚔𝚊𝚗 𝚔𝚊𝚝𝚊 𝚊𝚍𝚘𝚙𝚜𝚒 𝚍𝚊𝚛𝚒 𝚋𝚊𝚑𝚊𝚜𝚊 𝚒𝚗𝚐𝚐𝚛𝚒𝚜 𝚢𝚊𝚒𝚝𝚞 𝚒𝚗𝚟𝚎𝚜𝚖𝚎𝚗𝚝. 𝙺𝚊𝚝𝚊 𝚒𝚗𝚟𝚎𝚜𝚝 𝚜𝚎𝚋𝚊𝚐𝚊𝚒 𝚔𝚊𝚝𝚊 𝚍𝚊𝚜𝚊𝚛 𝚍𝚊𝚛𝚒 𝚒𝚗𝚟𝚎𝚜𝚖𝚎𝚗𝚝 𝚖𝚎𝚖𝚒𝚕𝚒𝚔𝚒 𝚊𝚛𝚝𝚒 𝚖𝚎𝚗𝚊𝚗𝚊𝚖. 

         𝙳𝚊𝚕𝚊𝚖 𝚔𝚊𝚖𝚞𝚜 𝚋𝚎𝚜𝚊𝚛 𝙸𝚗𝚍𝚘𝚗𝚎𝚜𝚒𝚊 𝚒𝚗𝚟𝚎𝚜𝚝𝚊𝚜𝚒 𝚍𝚒 𝚍𝚎𝚏𝚒𝚗𝚒𝚜𝚒𝚔𝚊𝚗 𝚜𝚎𝚋𝚊𝚐𝚊𝚒 𝚜𝚊𝚑𝚊𝚖 𝚙𝚎𝚗𝚞𝚔𝚊𝚛𝚊𝚗 𝚞𝚊𝚗𝚐 𝚍𝚎𝚗𝚐𝚊𝚗 𝚋𝚎𝚖𝚝𝚞𝚔 𝚔𝚎𝚔𝚊𝚢𝚊𝚊𝚗 𝚔𝚎𝚔𝚊𝚢𝚊𝚊𝚗 𝚕𝚊𝚒𝚗 𝚜𝚎𝚙𝚎𝚛𝚝𝚒 𝚜𝚊𝚑𝚊𝚖 𝚊𝚝𝚊𝚞 𝚑𝚊𝚛𝚐𝚊 𝚝𝚒𝚍𝚊𝚔 𝚋𝚎𝚛𝚐𝚎𝚛𝚊𝚔 𝚢𝚊𝚗𝚐 𝚍𝚒𝚑𝚊𝚛𝚊𝚙𝚔𝚊𝚗 𝚍𝚊𝚙𝚊𝚝 𝚍𝚒𝚝𝚊𝚑𝚊𝚗 𝚜𝚎𝚕𝚊𝚖𝚊 𝚙𝚊𝚍𝚊 𝚠𝚊𝚔𝚝𝚞 𝚝𝚎𝚛𝚝𝚎𝚗𝚝𝚞 𝚜𝚞𝚙𝚊𝚢𝚊 𝚖𝚎𝚗𝚐𝚑𝚊𝚜𝚒𝚕𝚔𝚊𝚗 𝚙𝚎𝚗𝚍𝚊𝚙𝚊𝚝𝚊𝚗.[1]

       

       𝙱𝚊𝚐𝚒 𝚙𝚊𝚛𝚊 𝚒𝚗𝚟𝚎𝚜𝚝𝚘𝚛 𝚙𝚎𝚗𝚊𝚗𝚊𝚖𝚊𝚗 𝚖𝚘𝚍𝚊𝚕 𝚍𝚊𝚙𝚊𝚝 𝚍𝚒𝚕𝚊𝚔𝚞𝚔𝚊𝚗 𝚍𝚎𝚗𝚐𝚊𝚗 2 𝚌𝚊𝚛𝚊 𝚢𝚊𝚒𝚝𝚞:

1. 𝚃𝚛𝚊𝚗𝚜𝚊𝚔𝚜𝚒 𝚍𝚒 𝚙𝚊𝚜𝚊𝚛 𝚙𝚎𝚛𝚍𝚊𝚗𝚊

2. 𝚃𝚛𝚊𝚗𝚜𝚊𝚔𝚜𝚒 𝚍𝚒 𝚙𝚊𝚜𝚊𝚛 𝚜𝚎𝚔𝚞𝚗𝚍𝚎𝚛[2]

 

   𝚛𝚎𝚜𝚒𝚔𝚘 𝚋𝚎𝚛𝚒𝚗𝚟𝚎𝚜𝚝𝚊𝚜𝚒 𝚍𝚒 𝚙𝚊𝚜𝚊𝚛 𝚖𝚘𝚍𝚊𝚕 𝚢𝚊𝚒𝚝𝚞:

𝚊. 𝚁𝚎𝚜𝚒𝚔𝚘 𝚍𝚊𝚢𝚊 𝚋𝚎𝚕𝚒

𝚋. 𝚁𝚎𝚜𝚒𝚔𝚘 𝚋𝚒𝚜𝚗𝚒𝚜

𝚌. 𝚁𝚎𝚜𝚒𝚔𝚘 𝚝𝚒𝚗𝚐𝚔𝚊𝚝 𝚋𝚞𝚗𝚐𝚊

𝚍. 𝚁𝚎𝚜𝚒𝚔𝚘 𝙿𝚊𝚜𝚊𝚛[3]

 

---

[1] Adrian Sutedi, Pasar modal Syariah Sarana Investasi keuangan Berdasarkan Prinsip Syariah (Jakarta : Sinar Grafika, 2014), hlm. 78

[2] Andri Soemitra, Bank dan Lembaga Keuangan Syariah ( Jakarta : Kencana, 2012), hlm. 92.

[3] Nurul Huda dan Muhammad Haekal, Keuangan Islam Tinjauan Teoritis Dan PraKTIS ( Jakarta : Kencana, 2010), hlm. 83.

               𝐃𝐀𝐅𝐓𝐀𝐑 𝐏𝐔𝐒𝐓𝐀𝐊𝐀

𝚂𝚞𝚝𝚎𝚍𝚒. 𝙰𝚍𝚛𝚒𝚊𝚗, 2014, 𝙿𝚊𝚜𝚊𝚛 𝙼𝚘𝚍𝚊𝚕               𝚂𝚢𝚊𝚛𝚒𝚊𝚑 𝚂𝚊𝚛𝚊𝚗𝚊 𝙸𝚗𝚟𝚎𝚜𝚝𝚊𝚜𝚒                     𝙺𝚎𝚞𝚊𝚗𝚐𝚊𝚗 𝙱𝚎𝚛𝚍𝚊𝚜𝚊𝚛𝚔𝚊𝚗 𝚜𝚢𝚊𝚛𝚒𝚊𝚑           (𝙹𝚊𝚔𝚊𝚛𝚝𝚊 : 𝚂𝚒𝚗𝚊𝚛 𝙶𝚛𝚊𝚏𝚒𝚔𝚊).

𝚂𝚘𝚎𝚖𝚒𝚝𝚛𝚊. 𝙰𝚗𝚍𝚛𝚒, 2012, 𝙱𝚊𝚗𝚔 𝚍𝚊𝚗                  𝙻𝚎𝚖𝚋𝚊𝚐𝚊 𝙺𝚎𝚞𝚊𝚗𝚐𝚊𝚗 𝚂𝚢𝚊𝚛𝚒𝚊𝚑,                    (𝙹𝚊𝚔𝚊𝚛𝚝𝚊 : 𝙺𝚎𝚗𝚌𝚊𝚗𝚊).

𝙷𝚞𝚍𝚊. 𝙽𝚞𝚛𝚞𝚕 𝚍𝚊𝚗 𝙼𝚞𝚑𝚊𝚖𝚖𝚊𝚍 𝙷𝚊𝚎𝚔𝚊𝚕                2010, 𝙺𝚎𝚞𝚊𝚗𝚐𝚊𝚗 𝙸𝚜𝚕𝚊𝚖 𝚃𝚒𝚗𝚓𝚊𝚞𝚊𝚗            𝚃𝚎𝚘𝚛𝚒𝚝𝚒𝚜 𝚍𝚊𝚗 𝙿𝚛𝚊𝚔𝚝𝚒𝚜 (𝙹𝚊𝚔𝚊𝚛𝚝𝚊 :          𝙺𝚎𝚗𝚌𝚊𝚗𝚊).