Indonesia Conference Directory

This study aims to explain and analyze the implementation of digital information technology based on Sharia online trading systems (SOTS) in the Islamic capital market. The qualitative approach method used in this study is descriptive analytical. The era of the digital economy is currently developing massively helping to encourage economic development in the world and the advancement of modern communication technology so as to have a positive impact on the advancement of the Islamic capital market in Indonesia. In the last 20 years, the development of the Islamic capital market has experienced very significant growth. The number of Islamic investors according to Bursa Efek Indonesia data in 2015 was only 4,908 and increased to 12,283 in 2016 or there was a growth of 150% of investors in the Islamic capital market. Based on the results of the analysis in this study, it was concluded that in the face of a very significant investor growth each year, Islamic capital market industry players facing the demands of service modernization in the digital era have made innovations so that they can meet the ease of service that is efficient, safe and fast. Technological innovations in the Islamic capital market, namely online digital information systems, create many variants of smart applications in the form of e-commerce, e-payment, online trading and online transactions, making it easier for people to invest in the Islamic capital market. The development of SOTS-based online digital services is more dominated by millennials or commonly dubbed "kids these days" who always update the development of online digital technology. This has triggered investment growth in the Islamic capital market in March 2019 to reach 50,500 investors and compared to December 2018 only amounted to 44,536 investors or in percentage there was an increase of 11%.