MANAJEMEN RESIKO DALAM INVESTASI PASAR MODAL SYARIAH: STUDI KOMPARATIF INDONESIA DAN MALAYSIA
Keywords:
Risk Management, Islamic Investment, Islamic Capital Market, IndonesiaAbstract
This study aims to analyze risk management in Islamic capital market investments through a comparative study between Indonesia and Malaysia. The Islamic capital markets in both countries have experienced significant growth in terms of regulatory frameworks, investment instruments, and supervisory mechanisms. This research employs a qualitative method using a library research approach by analyzing official regulatory reports, academic literature, and relevant policy documents related to Islamic investment and risk management. The findings indicate that risk management in Indonesia’s Islamic capital market emphasizes regulatory strengthening and prudential supervision, particularly in the screening and monitoring of Sharia-compliant securities. In contrast, Malaysia demonstrates a more integrated and comprehensive risk management framework within its national financial system, supported by a well-established Sharia governance structure. Comparatively, Malay sia possesses a more structured risk management system, while Indonesia shows strong grow th potential driven by innovation in Islamic financial instruments. This study provides policy implications for strengthening regulatory frameworks, enhancing investor literacy,& develo ping adaptive & sustainable risk management systems in Islamic capital market investments.
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