Article Per Year (5 Year)
p-Index From 2020 - 2025
2.851
P-Index
This Author published in this journals
All Journal Jurnal Promosi Pendidikan Ekonomi Equilibrium Jurnal Riset Akuntansi dan Keuangan Jurnal Ekonomi & Keuangan Islam NUSANTARA : Jurnal Ilmu Pengetahuan Sosial At-Tadbir : jurnal ilmiah manajemen Dinasti International Journal of Education Management and Social Science International Journal of Economics Development Research (IJEDR) Journal of Management - Small and Medium Enterprises (SME's) Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) Jurnal Manajemen Bisnis dan Keuangan Jurnal Ekonomi INVOICE : JURNAL ILMU AKUNTANSI Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Moneter : Jurnal Keuangan dan Perbankan Jurnal Keuangan dan Bisnis Optimum: Jurnal Ekonomi dan Pembangunan
Yulfiswandi, Yulfiswandi
Unknown Affiliation
Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

Published : 21 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Ekonomi

 1 
Islamic and conventional stocks: Impact of Russia-Ukraine saga on global commodities Agustin, Isnaini Nuzula; Yulfiswandi, Yulfiswandi; Rehman, Saeeda; Ur Rahman, Haseeb
Jurnal Ekonomi & Keuangan Islam Volume 10 No. 2, July 2024
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol10.iss2.art5

Abstract

Purpose – This study intends to scrutinize the relationship between oil and gold prices on Indonesia’s Islamic stock market before and during the war between Russia and Ukraine, and compare the nature of sharia and conventional stock during the period of study.Methodology – This study uses daily price data of oil price, gold, Islamic index, and LQ45 index. The period spans from 2020 to 2022, which is split into two sub-periods: pre-war and during the war period. Structural vector autoregression (SVAR) was used for data analysis.Findings – This study provided three main findings. First, the Islamic index was found to be more exogenous than conventional stock, implying the safe haven properties of Islamic stock. Second, oil prices have a negative and significant impact on both conventional and Islamic stocks. However, Islamic stocks are less affected by oil price shocks than conventional stocks. Lastly, Gold is a safe haven asset for both Islamic and conventional stocks.Implications – This study is expected to be beneficial for Islamic investors making investment decisions, particularly in the war period, which is still ongoing and more specific for taking advantage of diversification opportunities.Originality – Despite a huge number of studies that investigate the Islamic stock – oil price nexus, this study uncovers the impact of the most recent geopolitical tension during the Russia-Ukraine War.
Co-Authors Alvin Alvin, Alvin Anchao, Wang Angel Angel Angel Lim, Michelle Aurellia, Angeline Devin, Devin Donal Mon, Muhammad Elida, Shelly Ellen Ellen Go, Michelle Halim, Rynando Sadrakh Hesniati, Hesniati Isnaini Nuzula Agustin Jasmine, Florentina Jenny, Jenny Kelvin Kelvin Kho, Celine Lee, Albert Mardiana, Asri Marheni, Dewi Khornida Pratama, Desi Purwanto Purwanto Rehman, Saeeda Rosmawati Rosmawati Sentoso, Antony Sherry, Sherry Shirlyn, Shirlyn Suhendri, Nindi Sunaidi, Nicholas Suyono Saputra Taqiyuddin Taqiyuddin, Taqiyuddin Ur Rahman, Haseeb Valentina, Cindy Verandi, Rizal Vernando, Lovis Vincent Vincent, Vincent Wahyudi, Zulfikar Wen, Wel