Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi Syariah Teori dan Terapan
Rahmadany, Zhahirah Adriana
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Impact of Geopolitical Risk and Political Economic Uncertainty on Islamic Stock Returns in OIC Countries Rahmadany, Zhahirah Adriana; Imron Mawardi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 11 No. 2 (2024): Mei-2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol11iss20242pp164-178

Abstract

ABSTRACT This research aims to determine the influence of geopolitical risk and political economic uncertainty on the return of Sharia stocks. The study focuses on countries belonging to the Organization of Islamic Cooperation (OIC). Panel data regression analysis technique is employed to test the hypotheses proposed in this research. Utilizing data sources such as the Geopolitical Risk Index (GPR), Economic Political Uncertainty Index (WUI), and Bloomberg terminal, the findings indicate that geopolitical risk and political economic uncertainty affect the return of Sharia stocks. Additionally, there are control variables such as exchange rates and inflation that also influence the return of Sharia stocks. All hypotheses in this study are accepted as the test results show that geopolitical risk and economic political uncertainty significantly positively impact the return of Sharia stocks in OIC countries. The limitation of this research lies in the sample, which only consists of OIC countries. This study contributes to the literature on the influence of geopolitical risk and political economic uncertainty on the return of Sharia stocks.  
Co-Authors Imron Mawardi