"Objective: This study aims to analyze the effect of macroeconomic variables, namely inflation, the Rupiah exchange rate, BI rate, and money supply on the Indonesia Sharia Stock Index (ISSI). The research seeks to provide an empirical overview of the relationship between these macroeconomic factors and the performance of the Islamic capital market in Indonesia. Method: This research e…
"This study aims to analyze the effect of sharia investment instruments, namely sharia stocks, sharia mutual funds, and sukuk, on national economic growth at a specific time between 2011 and 2024 in order to predict future values. : This study uses a quantitative approach with secondary data obtained from the official websites of the Financial Services Authority (OJK) and the Cen…
"Objectives : This study aims to analyse the effect of Environmental, Social, and Governance (ESG) risk on corporate financial performance, with status of sharia-compliant shares as a moderating variable. Methods : This research uses descriptive quantitative techniques, namely the moderation regression analysis (MRA) tests. The sample consists of 80 companies from 10 industrial se…
Methods: This study employs a quantitative approach using time series data from 2018 to 2024. The analytical method used is the Vector Error Correction Model (VECM), which is appropriate for analyzing both short-term and long-term relationships between macroeconomic variables and the trading volume of sharia stocks listed in the Jakarta Islamic Index (JII) 30. Result/Finding: The results of th…
Objective: This study aims to find the best modeling to forecasting the volatility of some stock that listed in Jakarta Islamic Index. Method: This research using the symmetric Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model and asymmetric model which is Exponential GARCH to capture asymmetric effect if any. This study uses daily data from 1 May 2018 until 31 M…