PEMAHAMAN MAHASISWA EKONOMI SYARIAH TERHADAP PERUSAHAAN-PERUSAHAAN SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Indonesia's Islamic capital market has experienced remarkable progress over the past few years, evidenced by the growing participation of Sharia investors, the increasing variety of Sharia-based financial instruments, and the continuous implementation of literacy programs by the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK). Despite these positive developments, the level of public knowledge, particularly among university students, has not advanced proportionally. Many students still face challenges in identifying and understanding Sharia-compliant companies listed on the Indonesia Stock Exchange. Therefore, this study seeks to explore the extent of Islamic Economics students’ understanding of Sharia-compliant listed companies. This study adopted a qualitative research design using a case study approach. The participants were three sixth-semester students from the Islamic Economics Study Program, Faculty of Islamic Studies, Al-Azhar Islamic University, selected through purposive sampling. Data were gathered through in-depth interviews, direct observation, and documentation. The analysis followed the interactive model developed by Miles and Huberman, encompassing data reduction, data presentation, and conclusion drawing. The findings reveal that the participants generally possess adequate knowledge of the fundamental principles underlying Sharia-compliant companies and Islamic investment practices. Nevertheless, their understanding of more technical aspects, including the Sharia stock screening process, the Sharia Securities List (Daftar Efek Syariah/DES), and the criteria used to identify Sharia-compliant companies on the Indonesia Stock Exchange, remains relatively limited. Several factors were found to influence students’ level of understanding, such as academic exposure, availability of information, involvement in Islamic capital market literacy programs, and personal interest in investment activities. Based on these findings, the study highlights the need to strengthen Islamic capital market education through curriculum enhancement, practical investment training, and broader collaboration between universities and the Indonesia Stock Exchange.