WORLDVIEW ( Jurnal Ekonomi Bisnis dan Sosial Sains )
Vol 2 No 2 (2023): WORLDVIEW ( Jurnal Ekonomi Bisnis dan Sosial Sains )

THE INFLUENCE OF EXCHANGE RATES, INTEREST RATES, AND BANK INDONESIA SHARIA CERTIFICATES ON THE INDONESIAN SHARIA STOCK INDEX

Engelia Putri Natasya (Unknown)
Agus Eko Sujianto (Unknown)
Fatma Nur Maulidiyah (Unknown)
Dinda Oktafiani (Unknown)
Siti Ro’isa Ningtyas (Unknown)



Article Info

Publish Date
09 Dec 2023

Abstract

The Indonesian Sharia Stock Index is used to assess the value of stocks in accordance with sharia law in Indonesia, covering all stocks traded on the IDX. This study aims to examine how the Indonesia Shariah Stock Index is affected by interest rates, exchange rates and Shariah-compliant Bank Indonesia Certificates between 2016 and 2021. Using up to 72 samples, quantitative techniques were applied to the population of all data from currency exchange rates, interest rates, SBIS and ISSI. The technique of multiple linear regression analysis is used to analyze the secondary data of this study. The conclusion of this research is that the ISSI is negatively affected by the exchange rate, the ISSI is not affected by interest rates, and SBIS has a negative influence on the ISSI. Simultaneously the three variables affect the ISSI and their interconnections create the environment in which companies and investors operate. Changes in these factors can create a domino effect that affects the overall health and performance of the Islamic stock market. Keywords: Exchange Rates, Interest Rates, SBIS, ISSI

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Journal Info

Abbrev

ie

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

WORLDVIEW ( Jurnal Ekonomi Bisnis dan Sosial Sains ) adalah jurnal terbitan Fakultas Ekonomi Universitas Wijaya Putra (UWP), terbit dua kali dalam setahun ( Juni dan Desember). WORLDVIEW fokus pada hasil penelitian empiris serta studi konseptual dan teoritis dalam bidang Ekonomi, Bisnis dan Sosial ...