MEKANISME OPERASIONALISASI SAHAM SYARI’AH DI INDONESIA DAN NEGARA LAIN
Islamic stocks is one of the instruments in islamic capital market which is operated based on islamic principles. Islamic stocks are the securities proof of equity participations in the company and with the evidence of these investments, the shareholders are entitled to receive part of the profits. Operational mechanisms of islamic stocks is differently in each country. There are some problems of the mechanisms on screening process. Assessment criteria of islamic stocks broadly divided into qualitative and quantitative criteria. Qualitative criteria are based on halal and haram, while quantitative criteria are based on the financial performance of the company. There is a differences of shari’a criteria in each country, specially at JII, DJIM, and KLSI. The differences will impact to growth and development of islamic stocks in each country.