Elevating Investment Confidence: The Imperative of Legal Certainty in Islamic Economic Framework

Abstract

Legal certainty and investment are closely intertwining in Islamic economic frameworks, particularly in Indonesia. Legal certainty, defined as the clarity of norms, serves as a guide and protection for justice seekers. Investment involves capital accumulation, knowledge transfer, job creation and development of disadvantaged areas, necessitating a stable legal environment. The government recognizes the crucial link between legal certainty and investment, addressing various issues like the environment, employment, and socio-cultural aspects. From an Islamic law perspective, legal certainty is fundamental and hinted at in the Al Quran, forming the basis for asset developing through investment. the holistic view of investment in Islam encompasses both material and spiritual dimensions, emphasizing honestly, halal and haram principles, and social responsibilities. By ensuring legal certainty, policymakers can create a conducive environment for investors, fostering economic growth and national development.