Crypto-Currency

This chapter sheds light on the future of crypto-currencies in the world as they have become a major part of trading and are now being adopted by leading investment firms as a new way of buying and selling. Despite the substantial security risk in crypto-currency trading, it has become the most traded commodity. Many new crypto-currencies are being introduced that attract investors. Banking institutions in USA and other leading countries have started to take part in investments in crypto-currency as it has revolutionized financial technology.

Analisis Fatwa Dewan Syariah Nasional Majelis Ulama Indonesia Nomor 28/DSN-MUI/III/2002 tentang Jual Beli Mata Uang (AL-SHARF) terhadap Jasa Penukaran Uang

Exchange of money in muamalah fiqh is called Al-Sharf which is a sale and purchase agreement. This is as happened in Jalan Merdeka, Bandung City, a business that exchanges money that is rife before Idul Fitri. The Indonesian Ulema Council regulates the sale and purchase of currencies (Al-Sharf) in Fatwa Number 28 / DSN-MUI / III / 2002 concerning Currency Trading (Al-Sharf). In this case the authors formulate a problem with the aim of knowing the practice of money exchange services on Jalan Merdeka Bandung and also to find out the Fatwa Analysis of the National Sharia Council of the Indonesian Ulema Council No 28 / DSN-MUI / III / 2002 Concerning Currency Trading (Al-Sharf) Against Money Exchange Services on Jalan Merdeka Bandung.The method in this study is a qualitative method with a descriptive analysis approach. The object of this study is the primary data source in the form of interviews and secondary data sources in the form of books, journals and other literature. Data collection techniques in the form of observation and interviews.The National Sharia Council has kicked the need to establish a fatwa on Al-sharf to be used as a guideline in currency trading transactions. In practice, the exchange of Rp 100,000 can be exchanged with Rp. 2,000 denominations. Currency trading activities carried out on Jalan Merdeka Bandung are in conflict with the DSN-MUI Fatwa on point three, that is, if the value is different then the law is usury Abstrak.Tukar-menukar uang dalam fiqih muamalah dinamakan Al-Sharf yang merupakan akad jual beli uang. Hal ini sebagaimana terjadi di Jalan Merdeka Kota Bandung, bisnis penukaran uang yang marak terjadi menjelang Idul Fitri. Majelis Ulama Indonesia mengatur jual beli mata uang (Al-Sharf) dalam Fatwa Nomor 28/DSN-MUI/III/2002 Tentang Jual Beli Mata Uang (Al-Sharf). Dalam hal ini penulis merumuskan masalah dengan tujuan Untuk mengetahui Praktik Jasa Penukaran Uang di Jalan Merdeka Bandung dan juga untuk mengetahui Analisis Fatwa Dewan Syariah Nasional Majelis Ulama Indonesia No 28/DSN-MUI/III/2002 Tentang Jual Beli Mata Uang (Al-Sharf) Terhadap Jasa Penukaran Uang di Jalan Merdeka Bandung.Metode dalam penelitian ini adalah metode kualitatif dengan pendekatan deskriptif analisis. Objek penelitian ini adalah sumber data primer berupa wawancara dan sumber data sekunder berupa buku, jurnal dan literatur lainnya. Teknik pengumpulan data berupa observasi dan wawancara.Dewan Syariah Nasional memendang perlu menetapkan fatwa tentang Al-sharf untuk dijadikan pedoman dalam transaksi jual beli mata uang. Pada praktinya penukaran uang Rp 100.000 dapat ditukar dengan pecahan Rp 2.000 sebanyak 45 lembar. Kegiatan jual beli mata uang yang dilakukan di Jalan Merdeka Bandung bertentangan dengan Fatwa DSN-MUI pada point tiga, yaitu jika nilainya berbeda maka hukumnya riba.

Disposition Effect in Currency Trading: an Evidence from Experimental Student Games

The disposition effect has been described in the stock-investing context as a behavioral tendency of investors to hold on to losing stocks for too long and sell winning stocks too soon. In this paper it is examined whether the disposition effect can be confirmed also in the experimental student game of currency trading data set. The presence of the disposition effect leads to the conclusion that students, despite using demo money, were trading with real behavioral bias and various interesting findings concerning gender differences and size of the trade are discussed. The experimental data set was collected by Jochec during years 2009 to 2015, students were trading under standardized rules. In this paper the holding periods of profitable and unprofitable trades were tested and compared. Based on these calculations the general presence of the disposition effect in the data set was confirmed. Moreover it was confirmed that males and females have different tendency to succumb to this bias.

Crypto-Currency

This chapter sheds light on the future of crypto-currencies in the world as they have become a major part of trading and are now being adopted by leading investment firms as a new way of buying and selling. Despite the substantial security risk in crypto-currency trading, it has become the most traded commodity. Many new crypto-currencies are being introduced that attract investors. Banking institutions in USA and other leading countries have started to take part in investments in crypto-currency as it has revolutionized financial technology.