Binary Options as an Investment Practice from the Perspective of Maqashid Al-Syariah
Keywords:
Binary Option, investment, maqashid sharia, speculation, uncertaintyAbstract
In Indonesian society today, binary options have emerged as a new trend that has attracted public attention., as the platform is seen as a quick means of gaining profits. However, the lack of public understanding of the concept and mechanism of such trading is believed to lead to more gambling. This is evidenced by the binary option transaction system which is more similar to a zero-sum game, as well as the results of profits obtained solely based on predictions of the rise and fall of an asset, without having to own the asset being traded. This study aims to analyze the status of binary options as a legitimate investment or even as prohibited gambling from the perspective of maqashid syariah. The method in this study uses a qualitative approach derived from secondary data. The data collection technique used is library research with data analysis techniques are content analysis and induction. The findings of this study are that binary option trading does not meet the characteristics of investment in Islam and contains elements of maysir (speculation) and gharar (uncertainty) which are explicitly prohibited in Islam. So this activity can be categorized as more similar to gambling. From a maqashid perspective, it can be categorized as practices that are contrary to the principle of hifdz al-mal (protection of wealth) which can threaten the benefit and blessing of wealth. Therefore, this study recommends sharia-based education to help people choose the type of investment that is legal, and in accordance with Islamic principles.
References
Aini, K., Sirojuddin, W., Suharsono, & Irbah, A. N. (2023). Keberadaan Prinsip (Maqashid Al-Syariah) Hifdzul Mal Dalam Kegiatan Investasi Konvensional Non Maisir. Investama : Jurnal Ekonomi Dan Bisnis, 9(2), 135–146. https://doi.org/10.56997/investamajurnalekonomidanbisnis.v9i2.1006
Ashur, M. A. ibn. (2006). Ibn Ashur Treatise on Maqāşid al-Shari’ah. Translated by Mohamed El-Tahir El-Mesawi. In Shiraz kan (Ed.), Herndon, Virginia, USA. The International Institute of Islamic Thought (IIIT). http://scioteca.caf.com/bitstream/handle/123456789/1091/RED2017-Eng-8ene.pdf?sequence=12&isAllowed=y%0Ahttp://dx.doi.org/10.1016/j.regsciurbeco.2008.06.005%0Ahttps://www.researchgate.net/publication/305320484_SISTEM_PEMBETUNGAN_TERPUSAT_STRATEGI_MELESTARI
Bustomi, Y. (2022). Judi Berkedok Trading: Modus Operandi Dan Upaya Pemberantasannya. Jurnal Hukum Dan Pembangunan Ekonomi, 10(1), 2022. https://www.bps.go.id/pressrelease/2022/02/07/1911/ekonomi-indonesia-triwulan-iv-2021-tumbuh-5-02-
Fauzia, I. Y., & Riyadi, A. K. (2018). Prinsip Dasar Ekonomi Islam Perspektif Maqashid Al-Syariah. Prenadamedia Group.
Ferrario. (2022). Perlindungan Hukum Korban Investasi Binary Optiom Berkedok Trading. Jurnal Abdikarya : Jurnal Karya Pengabdian Dosen Dan Mahasiswa, 5(1), 1–8. https://www.researchgate.net/publication/361740823_PERLINDUNGAN_HUKUM_KORBAN_INVESTASI_BINARY_OPTIOM_BERKEDOK_TRADING
Hamzah, M., & Rohmaniyah, W. (2022). Pembebasan Denda (al-Gharāmah) Pada Nasabah Wanprestasi di Lembaga Keuangan Syariah: Analisis Maqāṣid asy-Syarī’ah Perspektif asy-Syāṭibī. Jurnal Hukum Ekonomi Syariah, 6(02), 175–194. https://doi.org/10.26618/j-hes.v6i02.7440
Hosen, N. (2019). Analisis Bentuk Gharar dalam Transaksi Ekonomi. Al-Iqtishad, 1(1), 53–64.
Izza, D., & Fatimatuz Zahro, S. (2021). Transaksi Terlarang Dalam Ekonomi Syariah. Jurnal Keabadian, 3(2), 28.
Jayus, J. A. (2016). Konsep Sistem Hukum Investasi Dalam Menjamin Adanya Kepastian Hukum. Litigasi, 16(2), 2906–2938. https://doi.org/10.23969/litigasi.v16i2.38
Kumala, N. A. (2024). Analisis Legalitas Transaksional Binary Option di Indonesia. Jurist-Diction, 7(1), 109–128. https://doi.org/10.20473/jd.v7i1.54836
Lestari, R. I., & Arifin, Z. (2022). Godaan Praktik Binary Option Berkedok Investasi Dan Trading Binary Option Practice Temptation Under The Guise Of Investment And Trading. Jurnal Ius Constituendum, 7(1), 19–31.
Nugroho, L., Sari, S. P., El Hasan, S. S., Fachri, S., AR, D. P., Fakhrurozi, M., Sentosa, D. S., Aziz, L. H., Nugroho, M., Atiah, I. N., Akbar, T., & Koni, A. (2024). Manajemen Investasi Syariah. In A. Masruroh (Ed.), CV. Sanabil. Widina Media Utama. https://www.researchgate.net/publication/378714167_MANAJEMEN_INVESTASI_SYARIAH
Nurkhanifah, E., DMarisna, ina I., Safina, O., & Misidawati, D. N. (2025). Etika Dalam Praktik Investasi dan Pasar Modal. Journal of Sharia Economics Scholar (JoSES), 2(5), 34–40. https://zenodo.org/records/15373522
Pardiansyah, E. (2017). Investasi dalam Perspektif Ekonomi Islam: Pendekatan Teoritis dan Empiris. Economica: Jurnal Ekonomi Islam, 8(2), 337–373. https://doi.org/10.21580/economica.2017.8.2.1920
Pranadilla, K. P., Mochtar, D. A., Aju, D. W., & Ghufron, M. A. (2024). Kajian Yuridis Terhadap Binary Option Trading Dalam Perdagangan Berjangka Komoditi Di Indonesia . Bhirawa Law Journal, 5(1).
Putri, J., Mahmudah, L., & Saidah. (2024). Investasi dalam Perspektif Islam Prinsip Etika dan Peluang. Islamologi : Jurnal Ilmiah Keagamaan, 1(2), 1–17.
Ramadani, F. (2024). Keberadaan Binary Option Ditinjau Dalam Prespektif Hukum Positif Di Indonesia. Recidive : Jurnal Hukum Pidana Dan Penanggulangan Kejahatan, 13(1), 1. https://doi.org/10.20961/recidive.v13i1.83658
Ramadhani, E., Karni, N. A., & Permata, N. (2023). Praktik Binary Option Bertopeng Investasi Dari Perpsektif OJK. SINTAMA: Jurnal Sistem Informasi, Akuntansi Dan Manajemen, 3(1).
Sahroni, O., & Karim, A. A. (2019). Maqashid Bisnis dan Keuangan Islam Sintesis Fikih dan Ekonomi (Cetakan ke). PT Rajagrafindo Persada.
Sari, I. N., & Ledista, L. (2022). Gharar Dan Maysir Dalam Transaksi Ekonomi Islam. Izdihar: Jurnal Ekonomi Syariah, 2(2), 22–40. https://doi.org/10.32764/izdihar.v2i2.2610
Securities and Exchange Commission. (2013). Investor Alert: Binary Options and Fraud. Investor.Gov U.S. Securities and Exchange Commission. https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investor-61
Setiyawan, D., & Rahmad, N. (2024). Menelaah Keabsahan Kontrak Binary Option pada Unsur Pidana Perjudian. Jurnal Penegakan Hukum Dan Keadilan, 5(1), 69–78. https://doi.org/10.18196/jphk.v5i1.19312
Syifa, D. M., & Fikriyadi. (2023). Konsep Jual Beli Pada Binomo: Perspektif Ulama Fiqh Klasik dan Kontemporer Dalam Tinjauan Etika Bisnis Islam. Muẚṣarah: Jurnal Kajian Islam Kontemporer, 5(1), 41–50. https://doi.org/10.18592/msr.v5i1.9335
Tornado, A. S., Raja, B., & Situmorang, P. (2023). Penetapan Status Korban Bagi Pengguna Jasa Platform Trading Binary Option. 9(2), 1–12.
Wardi, M. C., A’la, A., & Nurhayati, S. (2023). Contextualisation of Al-Maqasid Al-Kulliyat According To the Objectives of the Individual, Family, Society and Humanity: an Analysis on Jamaluddin ‘Athiyah’S Perspectives. Malaysian Journal of Syariah and Law, 11(1), 109–121. https://doi.org/10.33102/mjsl.vol11no1.389
Published
How to Cite
Issue
Section
Citation Check
License
The copyright of the article fully belongs to the Jurnal Ilmiah Ekonomi Islam and publishing rights belong entirely to LPPM STIE AAS Surakarta
This work is licensed under a Creative Commons Attribution 4.0 International License.
