International Journal of Humanities and Social Science Research

Authors
M Irfan Islami Rambe, Mahmutarom HR, Anis Mashdurohatun

Abstract
The Islamic capital market in the capital market industry is a strengthening of Islamic law in Indonesia. This study aims to clicking optimalisasikan values of adherence of sharia and sharia compliance implementation in Indonesia Islamic capital market industry that is appropriate or not with the purpose of sharia, as well as to analyze the forms of supervision of the parties involved in the Islamic capital market industry. This research is a normative juridical research with analytical descriptive nature. The data source used is secondary data collected by library research techniques. The implementation of sharia compliance in the Indonesian sharia capital market industry is basically not in accordance with the objectives of sharia itself. This is due to the absence of rules on the legal requirements for the sale and purchase of shares in a sharia manner, where the contract does not regulate at all how the legal conditions for a sale agreement are carried out. The form of optimizing sharia compliance is done by means of preventive and repressive supervision. Preventive supervision by the Financial Services Authority and the National Sharia Board is carried out so that acts of sharia violations do not occur. While repressive supervision is identical to punishment. Efforts to optimize the compliance of sharia values ​​in the Islamic capital market industry in Indonesia are carried out with the role of the government, namely by making regulations that are in accordance with sharia principles. The Government, through the Financial Services Authority, has revealed its optimization method by making regulations in the form of laws and regulations, and also by making policies related to implementation in the field of financial service institutions in Indonesia, including the Islamic capital market.