Analisis pasar modal syariah Indonesia dengan saham usulan indeks JII

Deskripsi

The purpose of the study is to evaluate the appropriateness of sharia-equity screening criteria currently used in the Jakarta Islamic Index (JII). The more comprehensive screening criteria are used as an alternative sharia-equity screening criteria to release proposed JII. This study used empirical analysis approach toward listing companies in Bursa Efek Indonesia from 2004-2008 The result shows significant differences among member of JII sharia-complaint securities and proposed JII sharia-complaint securities and only some sharia-complaint securities in JII become a member of proposed JII. The distinction comes from business activities and quantitative screenings that are used. Securities in Proposed JII consist of companies that have more sharia-complaint in terms of business activities and better financial condition than JII. That?s why the regulator should take the result as a consideration to evaluate sharia-equity screening criteria. Ada tabel