In line with Sharia principles, this study explores the correlation between increased returns and heightened risks, aligned with Al-Ghunm bi Al-Ghurm. Daily data from the Jakarta Islamic Index 70, spanning December 2021 to November 2023, was analysed using quantitative methods. Four key trading strategies were assessed: buy-and-hold and three Ichimoku strategies (Conservative, Moderate, and Aggressive). The results indicate the effectiveness of a moderate Ichimoku strategy because of its well-balanced approach. Despite no significant performance differences between Ichimoku's trading rules and buy-and-hold, the study emphasizes nuanced decision-making for diverse investor preferences. The insights benefited Indonesian Sharia investors, suggesting enhancements in risk mitigation techniques, and considering external factors. Enriching technical analysis and Sharia-compliant investments, this study underscores the importance of aligning financial objectives with ethical considerations, contributing to the evolving landscape of the Indonesian Sharia stock market.