@mastersthesis{digilib75847, month = {January}, title = {PENAFSIRAN WAHBAH AZ-ZUHAILI TERHADAP PRINSIP MUAMALAH DALAM TAFSIR AL-MUNIR DAN RELEVANSINYA DENGAN PRAKTIK INVESTASI SAHAM DI PASAR MODAL SYARIAH (Studi Analisis Tafsir Maqasidi )}, school = {UIN SUNAN KALIJAGA YOGYAKARTA}, author = {NIM.: 23205032046 Muhammad Zainul Arifin Fahmi}, year = {2026}, note = {Dr. Muhammad Akamaluddin M.S.I}, keywords = {Wahbah az-Zuhaili; Tafsir al-Munir; muamalah; Tafsir Maqa{\d s}idi; Islamic Capital Market; stock investment}, url = {https://digilib.uin-suka.ac.id/id/eprint/75847/}, abstract = {Technological advancements have significantly streamlined stock investment in Indonesia, making it more accessible and efficient. This study aims to examine Wahbah az-Zuhaili's thoughts on muamalah (Islamic transaction) principles in Tafsir al-Munir through a Tafsir Maq{\=a}{\d s}idi (teleological interpretation) approach, and to analyze their relevance to stock investment practices in the Islamic Capital Market. Amidst the dynamics of modern financial instruments, a robust epistemological foundation is required to ensure that capital market activities not only fulfill formal legal requirements but also align with the objectives of Islamic law (maq{\=a}{\d s}id al-syar{\=i}?ah). This research employs a qualitative-descriptive library research method. The analysis was conducted by exploring Wahbah az-Zuhaili's interpretation of muamalah verses, which were then integrated with the maq{\=a}{\d s}id theory to formulate fundamental transactional principles. These principles were subsequently contextualized within stock trading mechanisms, including issuer aspects, contracts (akad), and market behavior. The results indicate that Wahbah az-Zuhaili's interpretation emphasizes the principles of justice (?ad{\=a}lah), transparency (bay{\=a}n), mutual consent (tar{\=a}{\d d}{\=i}), and the prohibition of speculative practices involving riba (usury), gharar (uncertainty), and maysir (gambling). From the perspective of Tafsir Maq{\=a}{\d s}idi, stock investment is relevant to muamalah principles as long as it is oriented toward productive wealth development (tanmiyat al-m{\=a}l) and public interest (ma{\d s}la{\d h}ah ?{\=a}mmah). This relevance is manifested in strict Sharia screening mechanisms regarding debt ratios and business activities to ensure the Islamic capital market remains within the framework of wealth protection ({\d h}if{\d z} al-m{\=a}l) and the prevention of exploitation. This study concludes that Wahbah az-Zuhaili?s thoughts provide theological and ethical legitimacy for Muslim investors to participate in the capital market while upholding Sharia integrity.} }