The Impact of Screening and Free Float Regulations Under the Foreign Shariah Securities List on Investors in Indonesia’s Islamic Capital Market
The rapid growth of Islamic mutual funds investing in foreign Shariah securities in Indonesia, which reached 37 products as of July 2026, 35 of which are denominated in US dollars, has not been matched by a uniform screening standard. This study analyzes the impact of Shariah screening regulation under the Foreign Shar...