Global and Regional Sharia Stock Exchange: A Case Study in America, Saudi Arabia, Bahrain and Kuwait

Kustina, Lisa and Megawati, Megawati (2021) Global and Regional Sharia Stock Exchange: A Case Study in America, Saudi Arabia, Bahrain and Kuwait. In: InCEESS 2020, 17-18 July 2020, Bekasi, Indonesia.

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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).

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: dow jones industrial average (djia) tadawul all share (tasi) premier market- market cap weighted pr (bkp) jakarta islamic index (jii)
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 15 Mar 2021 08:37
Last Modified: 15 Mar 2021 08:37
URI: https://eprints.eudl.eu/id/eprint/1564

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