Perbandingan Kinerja Saham Syariah Berbasis Syariah Stock Screening Yang Berlaku Di Indonesia, Malaysia Dan Gabungan Keduanya
| Main Authors: | ekbisi, ekbisi, Mifrahi, Mustika Noor |
|---|---|
| Format: | Article info application/pdf Journal |
| Bahasa: | eng |
| Terbitan: |
Ekbisi
, 2013
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| Online Access: |
http://ejournal.uin-suka.ac.id/syariah/Ekbisi/article/view/337 http://ejournal.uin-suka.ac.id/syariah/Ekbisi/article/view/337/314 |
Daftar Isi:
- First syari’ah capital market in Indonesia is marked by the issued of Reksa Dana Syariah (Syariah Mutual Fund) by PT. Danareksa Investment Management. Syariah capital market grows well marked by the emerge of the syari’ah index, that is Jakarta Islamic Index and Index Saham Syariah Indonesia (Indonesian Syariah Stock Index). However, many studies shows that syariah stock’s performance in Indonesia is not better compared with another country, especially Malaysia. For that reason, a regulation to support growth of syariah investment in Indonesia is needed to be built.This research aim is to answer whether the use of Malaysia’s syariah stock screening will result the better stock performance or not. It also will look whether the use of new combined syariah stock screening’ of Indonesia and Malaysia with adding one new variable will have a better stock performance or not.Statistical test shows that there is no difference between market performance of Indonesia’s syariah stock and Indonesia’s syariah stock screened with Malaysia’s syariah stock screening. But this no difference on statistical test descriptively shows a difference on the return average level, which is increased as high as 5.7% by using Malaysian syariah stock screening and as high as 36.27 % by using new syariah stock screening. Form those three capital category, stock with Malaysia’s syariah stock screening earn the best M2 value.