Pengaruh Indeks Saham Syariah Jepang (DJIJP) Dan Indeks Saham Syariah Malaysia (DJMY25D) Terhadap Indeks Saham Syariah Indonesia (ISSI) (Periode Januari Tahun 2016 – Desember Tahun 2020)
DOI:
https://doi.org/10.47945/at-thariqah.v1i2.656Keywords:
Dow Jones Islamic Japan Index, Islamic Stock Index, Dow Jones Islamic Market Titans Malaysia 25 IndexAbstract
An interesting issue in this study is whether the Japanese Sharia Stock Index (DJIJP) and the Malaysian Sharia Stock Index (DJMY25D) have a partial or simultaneous influence on the Indonesian Sharia Stock Index (ISSI) in the period January 2016 – December 2020 based on the problem. existing and research gaps that have been carried out by previous studies. The purpose of this study was to analyze the effect of the independent variable, namely DJIJP and DJMY25D on the dependent variable, namely ISSI. The research data used is secondary data, namely the closing price index at the end of the month period January 2016 – December 2020. The data analysis method used is multiple linear regression analysis by first testing the classical assumptions. To determine the effect simultaneously, the F test was used and to determine the partial effect, the t test was used. The results of this study indicate that, partially, those that have a positive and significant effect on the ISSI variable are the two DJIJP and DJMY25D variables. Then simultaneously DJIJP and DJMY25D have an influence on ISSI in the period January 2016 – December 2020. The existence of this influence can be influenced by macroeconomic problems as well as technical factors and fundamental factors.
References
Ardiyani, Ima, and Crystha Armereo. 2016. “Pengaruh Suku Bunga, Inflasi, Dan Nilai Buku Terhadap Harga Saham Perusahaan Indeks Lq45.” Jurnal Ilmiah Orasi Bisni 15, no. ISSN 2085-1375.
Arifin, Zaenal. 2005. Teori Keuangan Dan Pasar Modal. Yogyakarta: Ekonisia.
Ayu Puspita, Destri. 2018. “Pengaruh Dow Jones Islamic Market, Dow Jones Industrial Average, Indeks Harga Saham Gabungan, Dan Indeks Saham Syariah Indonesia Terhadap Jakarta Islamic Index (Periode 2013-2017).” Universitas Lampung.
Beik, Irfan Syauqi. 2012. “Dinamika Interaksi Antara Variabel Moneter Dan Pasar Modal Syariah Terhadap Pertumbuhan Ekonomi Di Indonesia.” IPB University Scientific Repository.
Beik, Irfan Syauqi, and Sri Wulan Fatmawati. 2014. “Pengaruh Indeks Harga Saham Syariah Internasional Dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index.” Al-Iqtishad 6, no. 2.
Ervita Luluk Zahara dan Octavia Emillia. 2021. “Perkembangan PMDN Dan PMA Di Indonesia Tahun 2016-2020.” Pusat Kajian Anggaran DPR RI.
Firdausi, Aurora Nur, Idqan Fahmi, dan Imam T Saptono. 2016. “Pengaruh Indeks Harga Saham Regional ASEAN Dan Variabel Makroekonomi Terhadap Indeks Harga Saham Syariah Indonesia (ISSI).” Al-Muzara’ah 4, no. 2.
Ghozali, Imam. 2011. Aplikasi Analisis Multivariate Dengan Program IBM. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, Imam. 2013. Aplikasi Analisis Multivariate Dengan Program IMB 21. Edisi 7. Semarang: Badan Penerbit Universitas Diponegoro.
Global, S&P. 2021. Dow Jones Islamic Market Indices Methodology.
Global, S&P. 2021. Dow Jones Islamic Market Malaysia Titans 25 Index.
Huda dan Mustafa Edwin Naution, Nurul. 2019. Investasi Pada Pasar Modal Syariah. Jakarta: Prenada Media Group.
ISI Emerging Markets Group Company. 2021. “CEIC: Global Economic Data, Indicators, Charts & Forecasts.” diakses pada 26 Agustus 2021. https://www.ceicdata.com/id.
Otoritas Jasa Keuangan. “Pasar Modal Syariah.” diakses pada 9 Maret 2021. https://www.ojk.go.id/id/kanal/syariah/tentang-syariah/pages/pasar-modal-syariah.aspx.
KLiliana Putri, Ovin. 2018. “Analisa Pengaruh Faktor Makro Ekonom Terhadap Indeks Saham Syariah Indonesia ( ISSI ) ( Studi Empiris Saham Syariah Di BEI Periode 30 Juni 2011 – 2016).” UIN Yogyakarta.
Lismawati. 2019. “Analisis Faktor-Faktor Yang Mempengaruhi Harga Saham (Studi Empiris Pada Perusahaan Sektor Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2018).” Universitas Muhamadiyah Magelang.
Mohammad Heykal, Nurul Huda. 2010. Lembaga Keuangan Islam. Jakarta: Kencana Prenada Media Group.
Nurhasannah. 2019. “Efisiensi Dan Integrasi Pasar Modal Syariah (Studi Empiris Di Indonesia, Malaysia, Jepang, Cina, Eropa, Dan Amerika Serikat Periode 2014 – 2018).” Universitas Islam Negeri Syarif Hidayatullah.
Nurlita, Anna. 2015. “Investasi Di Pasar Modal Syariah Dalam Kajian Islam.” Kutubkhanah: Jurnal Penelitian Sosial Keagamaan 17, no. 1.
PT. Bursa Efek Indonesia. 2021. “Indonesia Stock Exchange.” diakses pada 9 Maret 2021. https://www.idx.co.id/idx-syariah/.
PT. Bursa Efek Indonesia. 2010. Buku Panduan Indeks Harga Saham Bursa Efek Indonesia. Jakarta: Indonesia Stock Exchange.
Sari, Widya Intan. 2019. “Analisis Pengaruh Inflasi, Suku Bunga SBI, Nilai Tukar Terhadap Return LQ 45 Dan Dampaknya Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI).” Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi) 3, no. 1.
Soemitra, Andi. 2008. Bank Dan Lembaga Keuangan Syariah. Jakarta: Kencana Prenada Media Group.
Soemitra, Andi. 2014. Masa Depan Pasar Modal Syariah Di Indonesia. Jakarta: Kencana Prenadamedia Group.
Sugiyono. 2017. Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. Bandung: Alfabeta.
Suryani dan Hendryadi. 2015. Metode Riset Kuantitatif : Teori Dan Aplikasi Pada Penelitian Bidang Manajemen Dan Ekonomi Islam. Jakarta: Prenadamedia Group.
Syintia, Ayu. 2018. “Analisis Integrasi Indeks Harga Saham Syariah Pada Pasar Modal Syariah Indonesia, Malaysia, China, Dan Jepang (Periode Mei 2011 – Desember 2016).” Lampung : UIN Raden Intan.
Jalan Sorong - Klamono Km. 17 Klablim, Sorong - Papua Barat 
info@iainsorong.ac.id
