Determinan Indeks Saham Syariah Indonesia

Fathurrahman, Ayif; Widiastuti, Rahma Aprilia

doi:10.36908/isbank.v7i1.309

Cited by 6 publications

(8 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Even though Indonesia's inflation rate continues to fluctuate, it is possible that the level of investment in the Indonesian capital market, including the Indonesian Sharia Stock Index (ISSI), will be affected. According to Sanjaya & Pratiwi (2018), inflation has a negative and statistically significant effect on JII, and according to Fathurrahman & Widiastuti (2021), inflation has a significant negative effect on investment risk.…”

Section: Influence and Contribution Of Inflation To Issimentioning

confidence: 99%

The Influence and Contribution of Macroeconomics to The Indonesian Sharia Stock Index for The Period 2011-2021

Mulyadi

Wibowo²

2023

JISEL

View full text Add to dashboard Cite

This study aims to determine the impact of macroeconomic variables on the Indonesian Sharia Stock Index (ISSI). The macroeconomic variables used are Industrial Production Index (IPI), Indonesian Sharia Bank Certificate (SBIS), Money Supply (JUB), exchange rates, Interest Rates (TSB), and inflation. The observed data is in the form of monthly data for the period 2011 to 2021. The approach used is to test the impact and contribution of VECM. The test results with the VECM model found that in the short term all variables had no effect on the Indonesian Sharia Stock Index, whereas, in the long term, IPI, SBIS, and inflation had a negative effect, and JUB, exchange rate, and TSB had a positive effect, based on the IRF test showed that ISSI responding to fluctuations from all positive macroeconomic variables except inflation which responded negatively and the contribution of each macroeconomic variable was IPI (0.64), SBIS (2.01), JUB (0.45), the exchange rate (0.64), TSB (0.01), and inflation (1.16) against the Indonesian Sharia Stock Index.

show abstract

Section: Influence and Contribution Of Inflation To Issimentioning

confidence: 99%

The Influence and Contribution of Macroeconomics to The Indonesian Sharia Stock Index for The Period 2011-2021

Mulyadi

Wibowo²

2023

JISEL

View full text Add to dashboard Cite

show abstract

“…ISSI's market capitalization also increased by 6.92% to IDR 4,259.24 trillion. The increasing number of sharia shares is one of the factors boosting the index and market capitalization value (Fathurrahman & Widiastuti, 2021).…”

Section: Literature Review Sharia Capital Market Performance and Deve...mentioning

confidence: 99%

“…Apart from sharia shares, growth was also recorded in corporate sukuk. On August 26, 2022, the asset value of corporate sukuk reached IDR 40.53 trillion, growing 16.57 percent since the end of 2021, IDR 34.77 trillion (Fathurrahman & Widiastuti, 2021). Not only corporate sukuk, assets or market capitalization of state sukuk is also growing.…”

Section: Literature Review Sharia Capital Market Performance and Deve...mentioning

confidence: 99%

“…People involved in the capital market are actors who transact from the instruments offered in the capital market (Purnomo & Maulida, 2017). So, there is a sale and purchase transaction in the capital market, like the goods market in general (Fathurrahman & Widiastuti, 2021). On the other hand, the capital market is also a component in advancing the country's economy (Maulana et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

“…The capital market facilitates meetings between funders and those who need funds for investment concepts (Nasyatia & Arif, 2019). The developing capital market in Indonesia still attracts the attention and interest of fundholders even though the national economy sometimes experiences turmoil nationally and internationally and moves dynamically (Fathurrahman & Widiastuti, 2021).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Performance of Indonesia's Sharia Capital Market for the 2022 Period

Maulida,

Risdiana,

Purnomo

2023

JIEP

View full text Add to dashboard Cite

Islamic capital markets instruments such as stocks, mutual funds, and sukuk are tools to drive economic growth through the capital market sector. The financial sector's performance in the first semester remained stable in 2022. The indicator that is getting stronger in the JCI index is 5.02% or a year-to-date level of 69 11.58 as of June 2022. This article aims to find out the performance of the Indonesian Islamic capital market for the 2022 period. This research uses a qualitative method with a literature review approach regarding the development and growth of sharia capital market performance after Covid-19 pandemic. The result of the discussion for the population has an Islamic majority population, so the capital market industry is expected. To accommodate and collect contributions from Muslim citizens to be active in the stock market, especially the Islamic stock market, and a local investor in the Indonesian Sharia capital market. Realize naturally that investment products are developed following Islamic principles and teachings. The financial sector's performance in the first semester remained stable in 2022. The indicator getting more assertive in the JCI index is 5.02% or a year-to-date level of 69 11.58 at the end of June 2022.

show abstract

Pengaruh Nilai Tukar, Jumlah Uang Beredar, Suku Bunga Terhadap Indeks Harga Saham Syariah Selama Covid-19

Wijaya,

Hariyani

2022

JOFEI

View full text Add to dashboard Cite

The capital market has an important role in the economy in a country where the capital market also functions as funding for a company or business which is a means for the public to invest. This study aims to determine the effect of the exchange rate, money supply, interest rate on the Islamic stock price index during covid-19. The type of data used in this research is secondary data in the form of time series over a period of three years and eight months and sourced from Bank Indonesia, the Central Statistics Agency, and the Financial Services Authority which is take in monthly form. The analytical method used in this study uses multiple linier regression analysis. The results of this study are the exchange rate has a significant negative effect on the sharia stock price index, the money supply has a positive effect on the sharia stock price index, and interest rates have a positive effect on the sharia stock index.

show abstract

Determinan Indeks Saham Syariah Indonesia

Cited by 6 publications

References 1 publication

The Influence and Contribution of Macroeconomics to The Indonesian Sharia Stock Index for The Period 2011-2021

The Influence and Contribution of Macroeconomics to The Indonesian Sharia Stock Index for The Period 2011-2021

Performance of Indonesia's Sharia Capital Market for the 2022 Period

Pengaruh Nilai Tukar, Jumlah Uang Beredar, Suku Bunga Terhadap Indeks Harga Saham Syariah Selama Covid-19

Contact Info

Product

Resources

About