Jakarta. As Eid approaches, people are now putting their thinking caps on in regards to how they should spend their bonuses.

There is nothing wrong with going shopping, but what if you set some of the Eid bonuses to build assets for the future? One option worth considering is investing in sharia-compliant capital market products.

These instruments are not only profit-oriented but also uphold Sharia principles. It prohibits usury, uncertainty, and excessive speculation. This way, investors can feel more at ease knowing that the products available have gone through a selection process and are supervised in accordance with Sharia regulations.

Irwan Abdalloh, head of the Sharia Capital Market Division of the Indonesia Stock Exchange (IDX), has stated that Eid bonuses are an ideal chance to start investing. 

"By setting aside a portion of the bonus for sharia investment instruments, people learn to postpone immediate gratification for the sake of sustainable prosperity in the future," Irwan said.

A plethora of products are available, including sharia stocks, which are shares of companies whose business activities do not conflict with sharia principles and meet certain financial criteria. The list of Sharia stocks is listed in the Sharia Securities List (DES), which is updated regularly by the Financial Services Authority (OJK). The IDX has Sharia stock indices that investors can use as a reference when selecting Sharia stocks. These include the Indonesia Sharia Stock Index (ISSI), which contains all sharia stocks listed on the IDX, and the Jakarta Islamic Index (JII), which includes the 30 most liquid sharia stocks.

There are also other indices such as JII70, IDX Sharia Growth, IDX-MES BUMN17, and most recently, the S&P/IDX Indonesia Shariah High Dividend Index, which offer investors different strategic options. Go to www.idx.co.id/id/idx-syariah/indeks-saham-syariah to find out more. By purchasing Sharia stocks, investors own a portion of the company and have the potential to earn profits in the form of capital gains and dividends.

Sukuk or Sharia bonds are also available. Sukuk are evidence of participation or financing in underlying assets or projects that comply with sharia, while bonds are debt instruments. Sukuk are issued by governments and companies to finance specific projects and generally offer relatively stable returns over a certain period.

For beginners, Sharia mutual funds can be a more practical option. Investors' funds will be managed by professional investment managers into a diversified portfolio of Sharia-compliant securities. With relatively affordable capital, people can start investing without the need for in-depth market analysis. Irwan emphasized the importance of starting small

 "The Sharia-compliant capital market encourages investors to focus their decision-making on productive asset ownership and value growth by understanding the company's business, rather than solely focusing on short-term price movements without considering the company's fundamentals," Irwan said.

Sharia investment education has been widely implemented through various channels, including the Sharia Capital Market School. The ease of opening an account online allows young people to start investing with just hundreds of thousands of rupiah.

Go to @idxislamic on Instagram or www.idxislamic.idx.co.id to find out more about the sharia capital market.

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