Pasar Modal Syariah sebagai Wujud Lembaga Keuangan Syariah dalam Mendorong Pertumbuhan Moderasi Perekonomian Islam

  • Siti Kalimah Institut Agama Islam Faqih Asy'ari Kediri
  • Umi Khoirunnisa Institut Agama Islam Faqih Asy'ari Kediri
Keywords: Role of Sharia Capital Market; Economic Growth


Capital market developments are influenced by several capital market indicators such as capitalization value, traded stock value, and stock price index. Changes in these variables will affect economic stability as well as political and security stability that reflects the level of confidence of economic actors in domestic conditions. The development of the capital market affects the national economic growth, the importance of the role of the capital market in driving national economic growth is seen from the development of a capital market that affects macroeconomic indicators. Capital market development is reflected in the main indicators of the capital market that continue to grow from year to year can be a driver of economic growth by making investment activities begin to increase. This increase is among others driven by the development of the sharia capital market. The strong role of the sharia capital market in the formation of capital market capitalization indicates that the sharia capital market has a large role in driving economic growth.