Research Article
Global and Regional Sharia Stock Exchange: A Case Study in America, Saudi Arabia, Bahrain and Kuwait
@INPROCEEDINGS{10.4108/eai.17-7-2020.2303049, author={Lisa Kustina and Megawati Megawati}, title={Global and Regional Sharia Stock Exchange: A Case Study in America, Saudi Arabia, Bahrain and Kuwait}, proceedings={Proceedings of the 1st International Conference on Economics Engineering and Social Science, InCEESS 2020, 17-18 July, Bekasi, Indonesia}, publisher={EAI}, proceedings_a={INCEESS}, year={2021}, month={1}, keywords={dow jones industrial average (djia) tadawul all share (tasi) premier market- market cap weighted pr (bkp) jakarta islamic index (jii)}, doi={10.4108/eai.17-7-2020.2303049} }- Lisa Kustina
Megawati Megawati
Year: 2021
Global and Regional Sharia Stock Exchange: A Case Study in America, Saudi Arabia, Bahrain and Kuwait
INCEESS
EAI
DOI: 10.4108/eai.17-7-2020.2303049
Abstract
This study aims to examine the effect of global sharia stock exchanges (America, Saudi Arabia, Bahrain, and Kuwait) on regional sharia stock exchanges (Indonesia). This study is a quantitative research in which the research sample taken from Indonesian stock market (Jakarta Islamic Index), American stock exchange (Dow Jones Islamic Industrial Average), Middle-Eastern stock (Tadawul All Share, Bahrain All Share, and Premier Market-Market Cap Weighted PR). The data analysis method used is linear regression analysis and the data is processed using Eviews 10 software. The data period used in this study is one year (2018) using the weekly data period. Overall Linear Regression test results using Eviews 10 software shows that the Bahrain All Share (BAX) has a positive and significant effect on the Jakarta Islamic Index (JII), while the Dow Jones Industrial Average (DJIA), Tadawul All Share (TASI), Premier Market-Market Cap Weighted PR (BKP) has no significant effect on the Jakarta Islamic Index (JII).
