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All Journal Journal of Economics, Business, & Accountancy Ventura Research of Accounting and Governance Research of Business and Management Research of Islamic Economics (RIE)
Sovi Ismawati Rahayu, Sovi Ismawati
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Economics, Econometrics & Finance

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Journal : Research of Islamic Economics (RIE)

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Impact of Sharia Stock Prices: A Study on Inflation, Exchange Rate, BI Rate, and Money Supply Subagio, Sidiq; Rahayu, Sovi Ismawati
Research of Islamic Economics Vol. 2 No. 1 (2024): JULY 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v2i1.274

Abstract

This study aims to examine the effect of inflation, exchange rate, BI Rate, and the amount of money in circulation on Islamic stocks in companies listed on the Jakarta Islamic Index (JII). This study uses a sample of changes in the inflation rate, changes in the exchange rate, changes in the BI rate, changes in the money supply, and Islamic stock prices. This study uses secondary data, namely reports of changes in index obtained from the official website of the Indonesian Stock Exchange and the website of the Central Statistics Agency. With the results obtained in this study, inflation has a significant negative effect on Sharia Stock Prices, Exchange Rates have a significant negative effect on Sharia Stock Prices, amount of money in circulation has a significant positive effect on the price of Sharia shares. Inflation, Exchange Rate, BI Rate, and Money Supply have a simultaneous effect on Sharia Stock Prices in Companies Listed in the Jakarta Islamic Index. Managerial implications, especially for investment managers and fund managers in the Islamic capital market. Knowing the influence of inflation, exchange rates, BI interest rates, and money supply on Islamic stock prices allows managers to make better and more strategic investment decisions.
Co-Authors Aprilia, Nur Indriyani Farawansyah, Nur Indah Martua Eliakim Tambunan, Martua Eliakim Perdana Wahyu Santosa Subagio, Sidiq Zainal Zawir Simon, Zainal Zawir Zhafiraah, Nazma Riska