3 Tips for Investing in Sharia Stocks for Beginners

For the sake of planning good financial management, investing is one of the paths you can choose. Moreover, in Indonesia, various sharia investment instruments have been provided, such as sharia shares. To be more comfortable and safe according to sharia law, you can learn various tips for investing in sharia shares for beginners.

3 Tips for Investing in Sharia Stocks that are Suitable for Beginner Investors

Sharia stock instruments are certainly available in the Islamic capital market and are officially legalized by the OJK and other government institutions. The MUI has also issued a fatwa that aims to regulate the course of sharia investment activities in Indonesia so that they do not consider the principles of Islamic sharia. There are many aspects that you must pay attention to before starting to invest in this one instrument.

1. First, choose a security that has SOTS

What is SOTS? SOTS is a Sharia Online Trading System application that is officially registered in Indonesia and has passed the testing and certification from the MUI. Securities or investment media providers that already have SOTS will certainly be safe and guaranteed not to violate sharia principles.

Because to have an official SOTS, of course, you have to go through the selection of the validity of the business license file, strict supervision from the OJK, to the certification test that must be taken. The passage of a SOTS that is owned by securities certainly does not escape the MUI's testing.

2. List of Sharia Securities Accounts

If you have found the right securities, then you can continue the steps by registering a securities account account in the sharia securities. Of course, you have to complete personal files such as a photocopy of your identity card / driver's license, complete a copy of your NPWP, and a photocopy of the passbook that will be used for transactions later.

After officially and successfully registering, you will be provided with a user ID and password to log into the SOTS application provided by these securities. Immediately install the application on your smartphone, log in, and you can start buying and selling sharia shares.

You will also be asked to form an RDN or Customer Fund Account to store the funds used for transactions in SOTS. Usually the initial capital to fill the RDN is quite varied depending on the respective securities you choose. The minimum amount of capital that needs to be deposited into the RDN is 100,000 rupiah.

3. Identifying the Sharia Company whose shares will be purchased

Like investment activities in general, of course you have to understand the profile and ins and outs of the issuer of the company you are going to buy shares from. This is done in order to identify potential profits, to the risk of losses that may occur in accordance with the financial and operational activities of the issuer company. Thus, you will be ready to face the dynamic movements of the stock price in the future.

For a practical way, you can access the DES or Sharia Securities List to find out information and a list of what issuers are available. This DES is a service feature published by the OJK (Financial Services Authority) institution. You can start studying the listed effects one by one. Make sure the company you are going to buy shares has a good reputation and continues to be committed to implementing sharia principles in muamalah.

These are various tips for investing in Islamic stocks for beginners that you can use as a reference to apply. Invest using cold personal funds or idle funds. Do not use funds that should be used to meet your daily needs and routines. Learn and dig further investment tips so that your stock portfolio results are always green!