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All Journal AL-UJRAH: Jurnal Ekonomi Islam
Alfu Alfi Ni'am
Universitas KH. Abdul Chalim Mojokerto
Religion Economics, Econometrics & Finance Environmental Science

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Analisis Perbandingan Return dan Risk antara Saham Syariah dengan Saham Konvensional (Studi pada Saham Syariah di Jakarta Islamic Index dan Saham Konvensional di Investor 33 Periode 2020-2022) Alfu Alfi Ni'am; Diah Syifaul A'yuni
AL-UJRAH Vol 3 No 1 (2024): Desember
Publisher : Prodi Ekomoni Syariah STAI Al Akbar Surabaya

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Abstract

In the era of globalization, investment has become a long-term strategy to achieve financial well-being and independence. Technological advancements have facilitated access to various investment instruments, including the Islamic capital market that offers investment options aligned with Islamic economic principles. This study employs a quantitative descriptive method to analyze the comparison of returns and risks between sharia stocks in the Jakarta Islamic Index and conventional stocks in the Investor33 Index during the 2020-2022 period. Quantitative analysis is used to test hypotheses, while descriptive analysis illustrates the collected data. Results show that the average return for sharia stocks is 1.06% and for conventional stocks is 1.61%, while the average risk for sharia stocks is 11.56% and for conventional stocks is 11.59%. The independent sample t-test yields significance values (2-tailed) of 0.372 for return and 0.491 for risk, both greater than 0.05. This indicates no significant difference in either return or risk between sharia and conventional stocks during the study period.
Co-Authors Diah Syifaul A'yuni