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All Journal Jurnal Fakultas Ekonomi : OPTIMAL Jurnal Ilmiah Ekonomi Islam JCES (Journal of Character Education Society) AT-TURAS: Jurnal Studi Keislaman Jurnal Samudra Ekonomi dan Bisnis Jurnal Tabarru': Islamic Banking and Finance Jurnal Masyarakat dan Budaya JESI (Jurnal Ekonomi Syariah Indonesia) Akuntabilitas: Jurnal Ilmiah Ilmu-Ilmu Ekonomi eBA Journal: Journal Economic, Bussines and Accounting Jurnal Mantik Jurnal Pendidikan dan Konseling El-Usrah: Jurnal Hukum Keluarga International Journal of Economics Development Research (IJEDR) Management Studies and Entrepreneurship Journal (MSEJ) Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Academia Open Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Indonesian Journal of Law and Economics Review AL-FALAH : Journal of Islamic Economics Jurnal Ekonomika dan Bisnis Islam Jurnal Ekonomi, Manajemen Pariwisata dan Perhotelan Jurnal Ekonomi Syariah dan Bisnis CEMERLANG :Jurnal Manajemen dan Ekonomi Bisnis Proceeding of The International Conference on Economics and Business Keris: Journal of Community Engagement Jurnal Masyarakat Mengabdi Nusantara IJBEM : Indonesian Journal of Business Economics and Management Santri: Journal of Student Engagement West Science Law and Human Rights Jurnal Riset Manajemen dan Ekonomi Jurnal Informasi Pengabdian Masyarakat Jurnal Informatika Ekonomi Bisnis Journal of Economics and Management Scienties Imara: Jurnal Riset Ekonomi Islam International Journal of Management Analytics (IJMA) Jurnal Pengabdian Masyarakat dan aplikasi Teknologi IIJSE Jurnal Media Akademik (JMA) Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah IJMA Al-Istimrar: Jurnal Ekonomi Syariah Tijarah Journal of Aswaja and Islamic Economics International Journal of Economics, Business and Innovation Research Jurnal Ekonomi, Manajemen Pariwisata dan Perhotelan
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Journal : IIJSE

Analysis of the Impact Macroeconomic Variables on the Indonesian Sharia Stock Index (ISSI), 2019 - 2024 Kurniyeh Kurniyeh; Farid Ardyansyah
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7678

Abstract

Abstract This research seeks to assess the extent to which macroeconomic indicators such as inflation, money supply, the BI Rate, and exchange rates affect the Indonesian Sharia Stock Index (ISSI). This study employs a quantitative method through data analysis using multiple linear regression techniques. the use of this method is made to determine the impact of the relationship between related variables. The data source in this study comes from secondary data available on the official website with a monthly time series data pattern starting from the period 2019 to 2024. The results of this study found that partially the ISSI is affected by inflation and exchange rates, this is evidenced by the negative results that show if inflation and value have a negative and significant effect. Compared to the money supply and BI Rate which shows a positive impact on the ISSI. On the other hand, through simultaneous tests it was found that the ISSI was simultaneously influenced by inflation, money supply, BI rate and exchange rate. This indicates that macroeconomic factors have an impact on the ISSI.
Co-Authors A. Mahendra Afif Alfiyanto Afifah Afifah Agus Supriyanto Alfia, Nanda Amalia Rahmawatus Syafa’ah Amaliya, Najmi Maulita Amalna, Fika Ami Dewi Lestari Amir, Siib Anantadjaya, Samuel PD Aslichah Atika Kharisma Putri Austinnisa', Fadia Ayu Soraya Azzam Khalidy Betty Rahayu Cakranegara, Pandu Adi Citra Nur Islamiyah Dewi Rahma Safitri Dian Dian Dimas Ahmad Muflikh Dismita Citra Dewi Dwicahyani, Anindya Rachma Emiliyan Mamuki Erdhianto, Yoniv Evi Yuliawati FADHLAN, ABDI Febriana, Dyah Ayu Firdausi, Firna Nahwa Fitriani, Anisa Putri Fitriyah, Zahrotul Hammam, Hammam Hana Fauzia Qothrun Nada Hartono, Rudi Hastawati Chrisna Suroso, Hastawati Chrisna Hayat Hayat Hendrik I Nyoman Tri Sutaguna Imanuel Tarigan Irwan Moridu Ishaq, Ardan Maulana Ismi Nur Azizah Jannah, Anisatul Kartika Sari Khanifatul Khusna Khoirun Nasik Kurnia Fitri Salsabila Kurnia Meinawati Kurniyeh Kurniyeh Lailatul Syariva Lukmandono Luluk Hanifah Luluk Hanifah, Mir’Atul Fitriyah Mahmiyatus, Mahmiyatus Mardani, Agnes Dini Marnoto, Marnoto Mekar Meilisa Amalia Meriandini, Nanik Dela Merin Nurlita Fitra Dwika Moch. Fachrieza M. B Muhamad Malik Muttofar Muhammad Arsutil Adlah Muhammad Satriya Mukti Fauzan Maskuniswatin Mukti, Gatot Basuki Hari Muttaqin Choiri Nabila Padmasari Nanda Shally Maulini Nasrulloh Nasrulloh Nawangwulan, Irma M Nely Agustin Nely Agustin Ni Luh Putu Hariastuti Nia Febrianti Nia Febrianti Nopriadi Saputra Nur Adinda Putri Nur Faliza Nur Ijabah Nur Ijabah, Nur Nurhayati Nurhayati Okta Karneli, Okta Palupiningtyas, Dyah Paramesti, Rara Nidhana Paulus Laratmase Pratama, Andreas Dhiyong Putri, Haliza Nabila Rachmat, Timotius A Ratih Kusumastuti Ria Estiana Rifantini, Adinda Rifki Abdul Malik Rio Ferdinand, Adam Rony Prabowo Rosita Ramadhani Sholehah, Ummadinatus Sugiarto, Vito Andrianto Pratama Suhartini Suhartini Suparjo Suparto Suparto Syariva, Lailatul Taufiqur Rahman Ubaid, Zaky Ufi Rumefi Ulfa, Sania Maria Umi Setyorini Viki Amalia Vincendy, Constantinus Johananda Kardinal Wanda Halim Mawaddah Wiryawan, Dedik Zahrotul Fitriyah Zinka Aldamayatri