The Concept of Investment in Islam

Abstract

The rapid development of industry and technology has changed the lifestyle of the world's people, including Indonesia, from manual to all-digital, including in economic and investment activities. If in the past people were more familiar with the concept of savings, now investments in the form of stocks, mutual funds, and other instruments are starting to be in demand. However, the understanding of the Muslim community towards sharia investment is still relatively low, so not a few are trapped in conventional investments that contain elements of riba, maysir, and gharar. Thus, learning and social involvement regarding investments that are in line with sharia guidelines are very important. This study uses a literature review approach, which is to collect and evaluate relevant texts to examine the idea of investment in Islam. In the discussion, it was explained that investments can be made in various types of markets, such as the business project market, money market, and capital market, provided that they must be in accordance with sharia principles. In addition, the concept of productive waqf is also an important highlight as a form of social investment oriented towards community welfare. Productive waqf not only provides individual benefits, but is able to reduce social inequality, encourage sustainable investment, strengthen the local economy, and instill the value of social justice and concern for others. Therefore, both sharia investment and productive waqf have an important role in realizing a fair, sustainable, and blessed Islamic economy.