Pengaruh Dow Jones Islamic Market Index dan Dampak Makroekonomi terhadap Indeks Saham Syariah Indonesia

THE EFFECT OF ISLAMIC MARKET DOW JONES AND MACROECONOMIC IMPACT ON INDONESIA SHARIA STOCK INDEX

Penelitian ini memiliki tujuan untuk mengidentifikasi pengaruh indeks internasional Dow Jones Islamic Market Index dan dampak makroekonomi (harga komoditas global minyak kelapa sawit, batu bara, emas dan nikel) terhadap Indeks Saham Syariah Indonesia. Pada kajian ini menggunakan data sekunder berupa pergerakan indeks Dow Jones Islamic Asia Pasific (DJIAP), Indeks Saham Syariah Indonesia dan harga komoditas global (minyak kelapa sawit, batu bara, emas dan nikel) periode tahun 2014-2019 dengan total 61 sampel. Melalui analisis data statistik SPSS menunjukan jika secara parsial harga komoditas minyak kelapa sawit dan emas berpengaruh signifikan terhadap Indeks Saham Syariah Indonesia. Dan secara parsial Dow Jones Islamic Asia Pasific, harga komoditas batu bara dan harga komoditas nikel tidak berpengaruh terhadap Indeks Saham Syariah Indonesia

This research aims to to identify the effect of the Dow Jones Islamic Market Index and the macroeconomic impact (global commodity prices of palm oil, coal, gold and nickel) on the Indonesian Sharia Stock Index. This study uses secondary data in the form of the movement of the Dow Jones Islamic Asia Pacific Index (DJIAP), the Indonesian Sharia Stock Index and global commodity prices (palm oil, coal, gold and nickel) for the period 2014-2019 with a total of 61 samples. Through SPSS statistical data analysis, it shows that partially the price of palm oil and gold commodities has a significant effect on the Indonesian Syariah Stock Index. And partially DJIAP, coal commodity prices and nickel commodity prices do not affect the Indonesian Syariah Stock Index. Whereas the Dow Jones Islamic Market Index simultaneously and the macroeconomic impact affect the Indonesian Sharia Stock Index.