PENGARUH INFLASI, KURS RUPIAH TERHADAP DOLLAR AMERIKA DAN TINGKAT BUNGA TERHADAP HARGA SAHAM JAKARTA ISLAMIC INDEX (JII)

Islamic stocks are alternative investors to invest based on sharia principles and have a lower risk than conventional shares. The Jakarta Islamic Index (JII) was chosen as the object of research because it consists of collection of 30 most liquid Islamic stocks. There are several factors that can affect stock prices that can be used by investors for consideration of investing capital in Islamic stocks, such as inflastion, the exchange rate of Rupiah against the USD and interest rates. The purpose of this study was to determine the effect of inflation, the exchange rate of Rupiah against USD and the interest rate on JII Stock prices. This study used 72 monthly data for all variables during June 2012 – May 2018. It applied purposive sampling mathod and multiple linear regression analysis techniques. Based on the results of the study, it was found that inflation, the exchange rate of Rupiah against USD and the interest rate affected the JII stock prices. The most dominant variable affecting JII stock prices was the interest rate