This study aimed to explain inflation, interest rate, exchange rate, and gross domestic product that affect stock price. The determination of sample using saturated sampling technique. This study is using sample from 30 companies listed on JII. Data analysis using multiple liner regression. The result of this study showed that independent variables inflation, interest rate, exchange rates, gross domestic product significant simultaneously effect on the dependent variable stock price. Partially, Inflation negative and does not give the significant effect toward the stock price. Interest Rate and Exchange Rate positive and does not give the significant effect toward the stock price. Gross Domestic Product gives the positive and significant effect toward the stock price.

The rating of sukuk becomes the reflection of the capital markets' activities. The better rating of sukuk, the more investor’s interested to purchase a sukuk. This study aimed at explaining the effects of leverage, liquidity, and profitability towards the rating of sukuk. The technique of data analysis employed was ordinal logistic regression. The research result revealed that the leverage and liquidity affected the sukuk. Meanwhile, the profitability did not affect the rating of sukuk. The test result simultaneously showed that the leverage variable and liquidity affected the sukuk rating. On the other hand, the result of a pseudo test of R-square showed the impact of leverage and liquidity towards sukuk rating was as big as 100%. Overall, the research result in this study supported the previous research which discovered the impacts of leverage and liquidity variables towards the rating of sukuk.