The Effect of Macroeconomic Variables on Sharia Stock Prices in the Jakarta Islamic Index
- 10.2991/assehr.k.200225.068How to use a DOI?
- Jakarta islamic index, macroeconomic, islamic investment
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.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Didi Mashudi AU - Mohamad Andri Ibrahim AU - Fadilah Ilahi PY - 2020 DA - 2020/03/03 TI - The Effect of Macroeconomic Variables on Sharia Stock Prices in the Jakarta Islamic Index BT - Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019) PB - Atlantis Press SP - 324 EP - 327 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.200225.068 DO - 10.2991/assehr.k.200225.068 ID - Mashudi2020 ER -