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COMPARATIVE ANALYSIS OF SHARIA AND CONVENTIONAL STOCKS PORTFOLIO PERFORMANCE USING SHARPE, TREYNOR AND JANSEN METHODS Muchlisina, Fanji; Riskayanto
International Journal of Islamic Education, Research and Multiculturalism (IJIERM) Vol 5 No 3 (2023)
Publisher : The Islamic Education and Multiculturalism Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47006/ijierm.v5i3.261

Abstract

The Sharia capital market emerged as an alternative vehicle for the investor community to invest in the financial world in accordance with Sharia principles. As an alternative investment vehicle, the Sharia capital market is of course also targeted by investors who care about Sharia in addition to the general objective as a vehicle used to a profitable investing. Based on this basic framework, this research was conducted with the aim of analyzing and comparing stock performance in the form of stock portfolios between Sharia-based and conventional one. The JII70 stock index was used as an object for the Sharia stock portfolio, while the conventional stock portfolio was represented by the LQ45 index. The performance assessment used on these two portfolios was a portfolio performance assessment using the Sharpe, Treynor, and Jensen methods during the Covid-19 pandemic. The performance of these stock portfolios according to the three methods showed positive results. The performance of the JII70 stock portfolio was lower than the LQ45 index although it is insignificant. Meanwhile, according to the Treynor index, the performance of the JII70 was better than the LQ45 although it is insignificant.
Paradoks Perilaku Menabung Generasi Z: Antara Literasi Keuangan yang Meningkat dan Gaya Hidup Konsumtif Ramdhani, Bagas Gilang; Muchlisina, Fanji; Apisa, Nenden; Fadhilah, Fadhilah; Ramadhani, Sherin
Journal of Literature Review Vol. 2 No. 1 (2026): JANUARI-JUNI
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/a39b5p08

Abstract

Penelitian ini merupakan kajian literatur yang bertujuan untuk mensintesis temuan-temuan empiris tentang paradoks perilaku menabung Generasi Z, khususnya terkait kontradiksi antara meningkatnya literasi keuangan dan gaya hidup konsumtif. Dengan menganalisis tujuh artikel jurnal nasional terakreditasi periode 2024-2025, studi ini memetakan faktor-faktor yang mempengaruhi minat menabung Generasi Z. Hasil sintesis menunjukkan adanya kontradiksi temuan: di satu sisi literasi keuangan berpengaruh signifikan terhadap minat menabung di bank syariah dan platform online, namun di sisi lain tidak berpengaruh signifikan dalam konteks investasi tabungan emas. Media sosial terbukti memiliki peran ganda sebagai kanal edukasi sekaligus pemicu konsumtivisme dengan efektivitasnya tergantung pada literasi keuangan dan nilai religiusitas individu. Determinan lain seperti religiusitas, transparansi, dan kondisi ekonomi juga turut mempengaruhi, dengan literasi keuangan berperan sebagai variabel mediasi antara digitalisasi dan keputusan menabung. Kajian ini menyimpulkan bahwa perilaku menabung Generasi Z merupakan fenomena multidimensional yang memerlukan pendekatan holistik, serta membuka peluang riset lanjutan tentang mekanisme psikologis yang menjembatani pengetahuan dan tindakan finansial.