Sharia Investment: Types, How it Works, and the Simulation of Calculation of Returns!
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| Sharia Investment: Types, How it Works, and the Simulation of Calculation of Returns! |
Even though investing can provide big profits, in fact, there are still many people who hesitate to invest for fear of usury. But now there are sharia investments that provide large returns but still follow religious laws.
Sharia investment is an investment made based on Islamic law where the capital market sector is targeted to play in halal products.
So, investor funds are not placed in companies that sell non-halal food, liquor, cigarettes, and the like.
To determine sharia investment products, the Financial Services Authority (OJK) issues various regulations and investment instruments in accordance with sharia legal principles in the capital market according to the fatwa of the MUI National Sharia Council (DSN).
So far, DSN MUI has issued 14 fatwas which are the basis for sharia investment law. One of them is Fatwa No. 40/DSN-MUI/X/2003 concerning the Capital Market and General Guidelines for the Implementation of Sharia Principles in the Capital Market Sector.
From the fatwa that has been issued, it is intended that Muslims can feel the benefits of sharia investment such as being free of usury, not containing elements of gharar, and may sir to certainty because of the contract.
Also Read: What is Investment? Understand How It Works To Get Maximum Profit!
How Sharia Investment works
Even though they both invest in the capital market, the way sharia and conventional investments work are very different. The reason is, sharia investment uses a contract system.
The contract itself is an agreement or agreement, both from one party and both parties (seller and buyer) who are committed to sharia values.
So, the contract is a link between consent and qabul. Ijab is a statement from the first party who has a desire to invest, while qobul is an answer to the consent made by the recipient of capital.
There are three contract principles that are applied in sharia investment, namely:
- Will cooperation ( Musyarakah ) is
- Rent rent ( Ijarah ) is
- Profit-sharing ( Mudharabah ) is
Types of Islamic investment
According to OJK, there are three sharia securities in the capital market that do not conflict with religious principles, namely:
1. Sharia stocks
Broadly speaking, shares are securities that are evidence of shareholder capital ownership in a company.
These shareholders have the right to get returns from the companies whose shares they buy.
The stock itself has two types, namely conventional shares where investors can freely buy the company's shares they want, both halal and non-halal.
While sharia shares, investors can only buy shares of companies that sell halal products or do not conflict with sharia principles.
2. Sukuk (sharia bonds)
Literally, Sukuk comes from Arabic which means legal instrument. Sukuk are also used to describe long-term securities with sharia principles.
Is Sukuk the same as bonds? The difference is that Sukuk does not recognize the term coupon interest like bonds. The reason is, halal investment considers interest as usury in receivable transactions.
So, Islamic bonds or Sukuk will call it profit sharing.
3. Sharia Mutual Funds
The way conventional and sharia mutual funds work is practically the same, namely the investment manager who will manage the investors' funds. However, the difference is that sharia mutual funds only play in companies that are labeled halal.
Sharia mutual funds are also supervised by the OJK and the Sharia Supervisory Board (DPS) which will directly assist investment managers in developing sharia investment products.
Also Read: What is a Sharia Mutual Fund and How to Share the Results?
Calculation of return on sharia investment
The following is a simulation of the calculation of the returns obtained from sharia investments when playing in the sharia stock sector.
You buy shares of PT. ABC is Rp. 1 million at a price of Rp. 5,000 for one lot. So, you have 200 lots of shares every month. If you buy shares of PT. ABC every month for one year, meaning you have 200 lots X 12 months = 2,400 lots.
Within one year, the share price of PT. ABC increased to Rp 5,300 per lot.
Then, how much profit do you get?
However, please note that there are several costs that you have to pay, such as a 0.1 percent online trading fee, a 0.1 percent sales tax fee, and a 10 percent dividend tax fee. But you don't need to worry because you will also get a dividend with an estimated value of IDR 500 thousand.
Here's a simulation of the benefits you get:
Rp 5,300 X 2,400 lots of PT ABC shares, which is Rp 12,720,000. This amount has not been added to the dividend of Rp 500 thousand and has been deducted by some of the costs described above.
So, the net profit you receive is IDR 12,720,000 + IDR 500,000 = IDR 13,220,000 – (0.1 percent + 0.1 percent + 10 percent) = IDR 13,220,000 – IDR 158,640 = IDR 13,061,360.
So, the profit you get is IDR 13,061,360 – IDR 12,000,000, which is IDR 1,061,360.
Sharia investment is one solution for those of you who want to invest but are still unsure about whether the returns obtained are halal or haram.
So, by plunging into sharia investment you can still increase your wealth coffers without violating Islamic law.
From the returns you get through sharia investment, you can develop your wealth coffers by going into the business sector.
Also Read: Follow This Way To Learn This Business To Be Rich From A Young Age!
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