Islamic Finance and Indonesia’s Sharia Capital Market: Investment Opportunities for Students Abroad

A.Ifayani Haanurat; Sukmawati Sukmawati; Sahabuddin Nanda; Muchriana Muchran; Andi Mappatompo; Wa Ode Rayyani; Zalkha Soraya; M. Yusuf K

doi:10.55927/ajcs.v5i3.8

Authors

A.Ifayani Haanurat Universitas Muhammadiyah Makassar
Sukmawati Sukmawati Universitas Muhammadiyah Makassar
Sahabuddin Nanda Universitas Muhammadiyah Makassar
Muchriana Muchran Universitas Muhammadiyah Makassar
Andi Mappatompo Universitas Muhammadiyah Makassar
Wa Ode Rayyani Universitas Muhammadiyah Makassar
Zalkha Soraya Universitas Muhammadiyah Makassar
M. Yusuf K Universitas Muhammadiyah Makassar

DOI:

https://doi.org/10.55927/ajcs.v5i3.8

Keywords:

Islamic Finance, Sharia Capital Market, Islamic Financial Literacy, Indonesian Students Abroad

Abstract

This Community Service programme aimed to enhance students’ understanding and awareness of Islamic finance and Indonesia’s Sharia capital market through an educational and participatory approach grounded in Islamic Economic Theory. The programme was conducted using a hybrid model, involving Indonesian students at Al-Azhar University, Cairo, and students from various Muhammadiyah Aisyiyah Higher Education Institutions in Indonesia. A total of approximately 404 students participated. Data were collected through observation, documentation, and interactive discussions, and analysed using a qualitative descriptive approach. The results indicate positive improvements in participants’ understanding of Islamic financial principles, Sharia capital market mechanisms, and Sharia-compliant investment instruments. Increased understanding was reflected in active participation, substantive discussion, and the ability to relate investment concepts to Islamic values such as justice, transparency, social responsibility, and the avoidance of riba, gharar, and maysir.

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