Peran Dewan Pengawas Syariah dalam Menjamin Kepatuhan Syariah di Pasar Modal Syariah Indonesia

Abstract

This study investigates the function of the Sharia Supervisory Board (DPS) in ensuring that Islamic financial institutions comply with sharia principles, especially in the Islamic capital market in Indonesia. In this study, qualitative methods were used. Various academic sources, such as books, journal articles, and laws related to Islamic banking and capital markets, were examined through a literature review method. The research shows that the DPS has a strategic role as an independent supervisor that ensures that all operations and products of Islamic financial institutions are in accordance with sharia principles, including preventing riba, gharar, and maysir. In addition, the DPS is very important for maintaining the integrity, transparency, and public trust in the Islamic financial system. However, this study found several problems. Some of them are the lack of human resources skilled in fiqh muamalah and contemporary finance as well as ineffective supervision at the branch operational level. Therefore, it is necessary to strengthen institutional capacity, regulations, and cooperation between DSN-MUI, financial authorities, and Islamic financial institutions to enhance the role of DPS in realizing fair, sustainable, and beneficial Islamic financial governance for all parties.