Islamic Economics Methodology
Vol. 1 No. 1 (2022): Islamic Economics Methodology

Impact of The Global Stocks Index on The Shariah And Conventional Stocks Index in Indonesia

Dito Prakoso (IPB University, Indonesia)

Article Info

Publish Date
30 Nov 2022

Abstract

The Islamic capital market plays an important role in the growth of the economy in Indonesia. During its development, the performance of the stock index in a country is often influenced by other stock indices in other countries. This study tries to analyze the dependence of the international stock index towards JII and JCI price, using Autoregression Distributed Lag (ARDL). Results show that there is a long-term cointegration of the global stock index to the Jakarta Islamic Index (JII). On the other hand, there is no cointegration between the global stock index and the Indonesian Composite Stock Price Index (JCI).

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Journal Info
Islamic Economics Methodology
Website

Abbrev

IEM

Publisher

Smart Insights

Subject

Religion Economics, Econometrics & Finance Library & Information Science

Description

Islamic Economics Methodology adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam. Islamic ...