Indonesia Sharia Stock Index and Global Sharia Stock Index

<p class="AbstractTitle"><em><span lang="EN-US">This study aims to analyze the effect of the Global Sharia Stock Exchange on the Indonesia Sharia Stock Price Index in Indonesia Stock Exchange for the study period of 2016 to 2018. On 31 December 2015, the ASEAN E...

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Autores principales: Lisa Kustina, Adrianna Syariefur Rakhmat
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Publicado: Universitas Muhammadiyah Sumatera Utara 2020
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Acceso en línea:https://doaj.org/article/ff1a8340c89947218a862aab7f9d40a7
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spelling oai:doaj.org-article:ff1a8340c89947218a862aab7f9d40a72021-11-05T05:03:36ZIndonesia Sharia Stock Index and Global Sharia Stock Index1693-76192580-417010.30596/jimb.v21i1.3838https://doaj.org/article/ff1a8340c89947218a862aab7f9d40a72020-11-01T00:00:00Zhttp://jurnal.umsu.ac.id/index.php/mbisnis/article/view/3838https://doaj.org/toc/1693-7619https://doaj.org/toc/2580-4170<p class="AbstractTitle"><em><span lang="EN-US">This study aims to analyze the effect of the Global Sharia Stock Exchange on the Indonesia Sharia Stock Price Index in Indonesia Stock Exchange for the study period of 2016 to 2018. On 31 December 2015, the ASEAN Economic Community began to be implemented, then resulting in a free flow of goods, services, and investments, so this study took samples starting in 2016. Dependent variables used are the Indonesia Sharia Stock Index, while the independent variables are Dubai Financial Market General Index (DFMGI), European Dow Jones Islamic Market Index, (DJIEU), Dow Jones Islamic Market Index 25 USD (Malaysia) and Tadawull All Share Index (Saudi Arabia). While the independent variable used is the Indonesia Sharia stock index (ISSI). The data used are monthly stock index data from all sharia stock indexes in Indonesia, Malaysia, the US, Japan, Dubai, and Saudi Arabia from 2016 to 2018. This research was processed using Eviews 10. The results of this study indicate that partially Dubai Financial Market General Index (DFMGI) and the European Dow Jones Islamic Market Index (DJIEU) have no significant effect on the Indonesia Sharia stock index, while the Dow Jones Islamic Market Index 25 USD (Malaysia) and the Tadawull All Share Index (Saudi Arabia) have a significant effect on the Indonesia Sharia Stock Index.</span></em></p>Lisa KustinaAdrianna Syariefur RakhmatUniversitas Muhammadiyah Sumatera Utaraarticledubai financial market general index (dfmgi), dow jones islamic market index eropa, (djieu), dow jones islamic market index 25 usd (malaysia), tadawull all share index (arab saudi), indonesia sharia stock indexManagement. Industrial managementHD28-70BusinessHF5001-6182IDJurnal Ilmiah Manajemen dan Bisnis, Vol 21, Iss 1, Pp 20-27 (2020)
institution DOAJ
collection DOAJ
language ID
topic dubai financial market general index (dfmgi), dow jones islamic market index eropa, (djieu), dow jones islamic market index 25 usd (malaysia), tadawull all share index (arab saudi), indonesia sharia stock index
Management. Industrial management
HD28-70
Business
HF5001-6182
spellingShingle dubai financial market general index (dfmgi), dow jones islamic market index eropa, (djieu), dow jones islamic market index 25 usd (malaysia), tadawull all share index (arab saudi), indonesia sharia stock index
Management. Industrial management
HD28-70
Business
HF5001-6182
Lisa Kustina
Adrianna Syariefur Rakhmat
Indonesia Sharia Stock Index and Global Sharia Stock Index
description <p class="AbstractTitle"><em><span lang="EN-US">This study aims to analyze the effect of the Global Sharia Stock Exchange on the Indonesia Sharia Stock Price Index in Indonesia Stock Exchange for the study period of 2016 to 2018. On 31 December 2015, the ASEAN Economic Community began to be implemented, then resulting in a free flow of goods, services, and investments, so this study took samples starting in 2016. Dependent variables used are the Indonesia Sharia Stock Index, while the independent variables are Dubai Financial Market General Index (DFMGI), European Dow Jones Islamic Market Index, (DJIEU), Dow Jones Islamic Market Index 25 USD (Malaysia) and Tadawull All Share Index (Saudi Arabia). While the independent variable used is the Indonesia Sharia stock index (ISSI). The data used are monthly stock index data from all sharia stock indexes in Indonesia, Malaysia, the US, Japan, Dubai, and Saudi Arabia from 2016 to 2018. This research was processed using Eviews 10. The results of this study indicate that partially Dubai Financial Market General Index (DFMGI) and the European Dow Jones Islamic Market Index (DJIEU) have no significant effect on the Indonesia Sharia stock index, while the Dow Jones Islamic Market Index 25 USD (Malaysia) and the Tadawull All Share Index (Saudi Arabia) have a significant effect on the Indonesia Sharia Stock Index.</span></em></p>
format article
author Lisa Kustina
Adrianna Syariefur Rakhmat
author_facet Lisa Kustina
Adrianna Syariefur Rakhmat
author_sort Lisa Kustina
title Indonesia Sharia Stock Index and Global Sharia Stock Index
title_short Indonesia Sharia Stock Index and Global Sharia Stock Index
title_full Indonesia Sharia Stock Index and Global Sharia Stock Index
title_fullStr Indonesia Sharia Stock Index and Global Sharia Stock Index
title_full_unstemmed Indonesia Sharia Stock Index and Global Sharia Stock Index
title_sort indonesia sharia stock index and global sharia stock index
publisher Universitas Muhammadiyah Sumatera Utara
publishDate 2020
url https://doaj.org/article/ff1a8340c89947218a862aab7f9d40a7
work_keys_str_mv AT lisakustina indonesiashariastockindexandglobalshariastockindex
AT adriannasyariefurrakhmat indonesiashariastockindexandglobalshariastockindex
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