Pengaruh Indeks Harga Saham Syariah Internasional Dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index

Beik, Irfan Syauqi; Fatmawati, Sri Wulan

doi:10.15408/ijies.v6i2.1228

Cited by 12 publications

(20 citation statements)

References 3 publications

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“…Sutrisno (2017) found that there are a positive relationship between volatility and trading frequency in the Indonesian stock exchange. Beik and Fatmawati (2014) found that macroeconomics variables such as M2 and Islamic Certificate of Bank Indonesia (SBIS) had an affect on Jakarta Islamic Index. Majid (2016) show that there is cointegration between Islamic stock prices and macroeconomics variables.…”

Section: Resultsmentioning

confidence: 99%

The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

Sutrisno

2017

Etikonomi

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This study aims to examine the effect of macroeconomic variables on sectoral indices in the Indonesian Stock Exchange. The difference in sensitiveness among sectors is an interesting issue to investigate this relationship in an emerging market, such as Indonesia. This study employs ordinary least square (OLS) as an estimation method with monthly time-series data from January 2005 to December 2014. The results document that the interest rate, inflation rate, and exchange rate simultaneously have a significant effect on sectoral indices in Indonesia. The interest rate partially shows a significant negative influence on all sectors except basic industry and chemical, finance, infrastructure, utilities, and transportation, and miscellaneous industry sectors. The inflation rate partially has no significant effect on all sectors. The exchange rate partially has a significant negative impact on all industries.DOI: 10.15408/etk.v16i1.4323

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Section: Resultsmentioning

confidence: 99%

The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

Sutrisno

2017

Etikonomi

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“…It means many investors are interested to invest in Islamic stocks. While the capitalization of Islamic stocks as indicated by the Jakarta Islamic Index (JII) had decreased in 2008 as a result of the subprime crisis in the United States [3]. The following table is the performance table of JII: TABLE I. Current stock prices tend to be influenced by psychological factors of the buyers or sellers of the shares themselves, causing a lot of speculation [4].…”

Section: Introductionmentioning

confidence: 99%

The Effect of Macroeconomic Variables on Sharia Stock Prices in the Jakarta Islamic Index

Mashudi¹,

Ibrahim²,

Ilahi³

2020

Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019)

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The capital market has a very important role in the current global economy as a place to raise funds and as an attractive investment media for investors. At present, the capital market will be an indicator of a country's economic stability. However, volatile and unpredictable stock prices are one of the obstacles faced by the investors so that the capital market is one type of risky investment. The Jakarta Islamic Index (JII) is one of the shares on the Indonesia Stock Exchange (IDX) which is based on sharia principles. This index was introduced on July 3, 2000 by the Indonesia Stock Exchange. The methodology of JII calculation is the same as that used by the JCI which is based on the Market Value Weight Average Index using the Lapeyres formula. The results show that the inflation variable, IPI and the rupiah exchange rate have a significant influence on Islamic stock prices in JII. So these factors can be a consideration for investors in buying shares listed on JII.

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“…The Industrial Production Index is an economic indicator that measures the production of real output. IPI is often used as a representation of national income to replace the absence of monthly GDP data (Beik & Fatmawati, 2014). In Indonesia it is divided into large and medium industries and micro and small industries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…So that it will increase the amount of zakat. And IPI is often used as a representation of national income to replace the absence of monthly GDP data (Beik & Fatmawati, 2014). In Indonesia, the industrial sector is the largest contributor to Gross Domestic Product (GDP) each year.…”

Section: Based Onmentioning

confidence: 99%

Impact of Inflation, Interest Rate, and Industrial Production Index (IPI) on the Amount of Zakat in Central Baznas Period 2011-2017

Saadillah¹,

Kusnendi²,

Firmansyah³

2019

KSS

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The purpose of this study was to analyze the impact inflation, interest rates, and industrial production index (IPI) on the amount of zakat at the Central BAZNAS from 2011 to 2017. The method used in this study was explanatory methods with quantitative approaches. The data analysis technique used is the Vector Autoregression (VAR) method, if the data is not stationary at the level and there is cointegration, the method used is Vector Error Correction Model (VECM). The data used in this study are time series data from January 2011 to December 2017 collected from the website of Bank Indonesia, the website of the Badan Pusat Statistik (BPS), and the website of the Central BAZNAS. The results of the VECM test show that in the short term inflation and interest rates each have a negative and not significant effect on the amount of zakat, while the IPI has a positive and insignificant effect on the amount of zakat. Whereas in the long run inflation has a significant negative effect on zakat receipts. Interest rates are negatively significant and IPI has a significant positive effect on the amount of zakat.

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Pengaruh Indeks Harga Saham Syariah Internasional Dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index

Cited by 12 publications

References 3 publications

The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

The Effect of Macroeconomic Variables on Sharia Stock Prices in the Jakarta Islamic Index

Impact of Inflation, Interest Rate, and Industrial Production Index (IPI) on the Amount of Zakat in Central Baznas Period 2011-2017

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