The Effect of Islamic Capital Market Instruments on Indonesia's Economic Growth is Moderated by The Money Supply

This article examines the relationship between Islamic capital market instruments and Indonesia's economic growth, taking into account moderating role of money supply. With rise finance increasing significance market, understanding dynamics these growth becomes crucial. The method used in this research is quantitative which focused on national Indonesia from year 2011 to 2021. data were Sharia stock index, sukuk, mutual funds, total supply period quarterly data. results study are that index has a positive effect growth. Sukuk On other hand, sharia funds do not affect able moderate