Hamzah, Hamzah and ade, oktariatas (2019) International Organization of Securities Commissions Role on Transactions in Indonesia Sharia Capital Market. Primrose Hall Publsihing Group, 6 (8). pp. 156-164. ISSN 2201-1323


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Official URL: https://www.ijicc.net/index.php/volume-6-2019/61-v...


The variety of investment activities currently provides variation to the community in determining the form of their economic investment plans in a certain period. However, it should be noted also the legal provisions that apply, so that investment activities are not carried out carelessly or violating the prevailing norms in the community or are feared to be detrimental to some parties concerned. Indonesia in its financial system, especially in the Capital Market, adheres to two systems, namely conventional and sharia. The capital market facilitates long-term funding for business people and entrepreneurs by attracting deposits from many investors. This market provides long-term capital for entrepreneurs through a series of short-term contracts (securities) with investors who can enter out according to their own will. In the late 1990s Islamic financial markets have realized that the development of capital markets is important for survival and for future growth. In this context, the organization that exists in Indonesia are listed on the Indonesia Stock Exchange, whereas if it is pursued internationally there is the International Organization Of Securities Commissions (IOSCO). The legal issue that is the main study to be discussed in this paper is the Role of IOSCO on Sharia Capital Market transactions in Indonesia, which is presented by normative research methods, namely research carried out by conducting applicable legislation studies and their application to sharia capital market transactions. The results of this paper are in the form of an overview of IOSCO which explains its general position, and the role of IOSCO in the Islamic Capital Market in Indonesia. The conclusion of this paper is that the role of IOSCO in the Sharia Capital Market in Indonesia is not much different from its authority as an International Capital Market organization, namely exchanging information based on each experience to encourage the development of the domestic market; bringing together efforts to create effective supervision standards for international securities transactions and to provide assistance together to ensure market integrity through the application of strict standards and effective enforcement of violations

Item Type: Article
Uncontrolled Keywords: Transactions, IOSCO, Sharia Capital Market.
Subjects: K Law > K Law (General)
Divisions: Fakultas Hukum (FH) > Prodi Doktoral Ilmu Hukum
Depositing User: Mr Hamzah Hamzah
Date Deposited: 12 Jun 2020 04:01
Last Modified: 12 Jun 2020 04:01
URI: http://repository.lppm.unila.ac.id/id/eprint/22311

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