IMPORTANCE OF ISLAMIC STOCK INDICES FOR THE COUNTRY’S FINANCIAL MARKET

Abstract

This research focuses on the vital role of Islamic fund indices in aligning investments with Sharia principles. These indices offer diverse ethical investment options, driving the growth of the Islamic capital market. In the changing global financial landscape, they also influence corporate ethics. This study underscores their crucial role in integrating beliefs with modern investment practices for a fair and prosperous financial ecosystem benefiting all stakeholders.

Index Terms— Islamic finance, Islamic stock indices, Sharia principles, ethical investments, growth, integration.