Journal of Applied Islamic Economics and Finance
Vol 3 No 3 (2023): Journal of Applied Islamic Economics and Finance (June 2023)

Analisis Portofolio Saham Syariah Optimal dengan Pendekatan Sharia Compliant Asset Pricing Model (SCAPM)

Febrin Ayu Salsabila (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)
Radia Purbayati (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)
Fifi Afiyanti Tripuspitorini (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)

Article Info

Publish Date
09 Aug 2023

Abstract

The purpose of this study is to determine the sharia stock portfolio that can be formed using the Sharia Compliant Asset Pricing Model (SCAPM) from 2017-2021. SCAPM is a modified form of CAPM which aims to frame the analytical model within the sharia framework. This research is descriptive quantitative research. The sample used is 13 Islamic stocks selected using purposive sampling method. The data used is secondary data obtained from the official websites of the Indonesia Stock Exchange, Bank Indonesia, and Investing.com. The software used to process the data is Microsoft Excel. The research result shows that there are 4 stocks that qualified for optimum stock portfolio, namely ADRO, ANTM, EXCL, and INCO. The largest proportion of funds held by ANTM (39,38%) while the lowest held by EXCL (13,04%) of the total funds.

Copyrights © 2023




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Journal of Applied Islamic Economics and Finance
Website

Abbrev

jaief

Publisher

Politeknik Negeri Bandung

Subject

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

Description

Journal of Applied Islamic Economics and Finance is a journal published by the Accounting Department of Politeknik Negeri Bandung, Indonesia. JAIEF (e-ISSN: 2746-6213) is published thrice a year (October, February, and June). As the name implies, this journal brings two major themes, namely Islamic ...