AL MAQRIZI: Jurnal Ekonomi Syariah dan Studi Islam
Vol. 2 No. 2 (2024): Al-Maqrizi: Jurnal Ekonomi Syariah dan Studi Islam

The Effect of Inflation and Exchange Rate on the Indonesian Sharia Stock Index (ISSI) Period 2013-2022

Nufzatutsaniah (Unknown)
Siti shalma (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

This study aims to determine and examine the effect of inflation and exchange rates on the Indonesian Sharia Stock Index (ISSI) for 2013-2022. The method used in this research is the Quantitative method with the causal associative approach. The data source used in this study uses secondary data. The selected population is the entire movement of the Indonesian Sharia Stock Index (ISSI), Inflation and Exchange Rate data, with the sample used being Inflation, Exchange Rate and Indonesian Sharia Stock Index (ISSI) data for 2013-2022. The analysis methods used are descriptive tests, classical assumption tests, simple and multiple linear regression analyses, hypothesis testing, coefficient of determination, and correlation. The results showed that partial inflation had no effect and was insignificant to the Indonesian Sharia Stock Index (ISSI) for the period 2013-2022; the Exchange Rate partially had an impact and was significant to the Indonesian Sharia Stock Index (ISSI) for the period 2013-2022. Simultaneous test results show that Inflation and Exchange Rates together (simultaneously) significantly affect the Indonesian Sharia Stock Index (ISSI) for the 2013-2022 Period.

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Journal Info

Abbrev

AMQ

Publisher

Subject

Religion Economics, Econometrics & Finance Education

Description

Focus and Scope Focus Al-Maqrizi: Journal of Sharia Economics and Islamic Studies emphasizes the study of Sharia Economics, and Islamic Studies, in Islamic countries in general and Indonesia in particular by focusing on economic theories, Islamic law, and positive law and their practice in the ...