Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Contemporary Studies in Economic, Finance and Banking (CSEFB)
Widiawati, Farradila Echa
Unknown Affiliation
Economics, Econometrics & Finance Social Sciences

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

Found 1 Documents
Search

 1 
Comparative Analysis of Investment Performance Between Conventional and Islamic Stocks (A Study of the Jakarta Islamic Index (JII) and Bisnis27 Index in the 2020-2024 Period) Widiawati, Farradila Echa; Tyas Danarti Hascaryani
Contemporary Studies in Economic, Finance and Banking Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The rapid expansion of the Islamic capital market in Indonesia has heightened public interest in sharia-compliant investments. The purpose of this research is to compare the investing performance of conventional stocks with Islamic stocks from 2020 to 2024. The measurement used is using the risk adjusted performance method which consists of the sharpe ratio, treynor ratio, and alpha jensen ratio. This research uses samples of JII index as a representatives of sharia stocks and Bisnis27 index as representatives of conventional stocks. The method of analysis uses the mann-whitney u test. The result of this research showed that there is no difference in stock investment performance between conventional stocks and Islamic stocks as measured using the sharpe ratio and treynor ratio. While the alpha jensen ratio there is a difference in stock investment performance between conventional stocks and Islamic stocks.
Co-Authors Tyas Danarti Hascaryani