Perkembangan Pasar Modal Syariah Di Indonesia

Abstract

The Indonesian Islamic capital market has experienced positive developments, especially in the fields
of Islamic stocks and Islamic sukuk/bonds. This study examines the potential of the Islamic capital
market in Indonesia, the participation of the younger generation as investors in the capital market, and
strategies to increase the participation of the younger generation in Islamic capital market investment.
The research method used is descriptive qualitative with a literature review approach using literature
from books, articles, magazines and related news. Based on the data, the number and size of Islamic
investment funds have decreased, but the market capitalization of the Islamic Stock Index (ISSI) and
government sukuk have shown stable growth. The interest of the younger generation, especially those
under 30 years of age, has increased significantly, mainly due to technological advances and increased
financial knowledge. These results highlight the importance of improving financial literacy and access
to information to attract more young investors to the Islamic capital market. Despite challenges such
as the declining value of Islamic investment funds, the Islamic capital market has great potential to
contribute to Indonesia's economic growth and infrastructure development. This study recommends
strategies to improve financial literacy and facilitate access to the Islamic capital market in order to
realize the potential of the younger generation and increase the growth of the Islamic capital market as
a whole.