Analisis Faktor-Faktor yang Mempengaruhi Indeks Saham Syariah Indonesia

ABSTRACT This study is entitled "Analysis of Factors Affecting the Indonesian Sharia Stock Index". This study uses secondary data in the form of time series data from 2013-2018 obtained from Bank Indonesia, the Ministry of Home Affairs of the Republic of Indonesia and the World Investment Site. This study aims to analyze the effect of each independent variable, namely the BI Rate, Inflation, Exchange Rate, Bank Indonesia Sharia Certificate (SBIS), Composite Stock Price Index (CSPI) on the dependent variable, the Indonesian Sharia Stock Index. The analytical tool used in this study is the Error Correction Model (ECM). Based on the results of the ECM analysis shows that in the short term the Bi Rate rate variable, the CSPI has a significant influence on the Indonesian Sharia Stock Index, whereas in the long term the BI Rate variable, Inflation, Exchange Rates, SBIS, IHSG has a significant effect on the Sharia Stock Index Indonesia