ISLAMIC STOCK MARKET VOLATILITY: IS IT A PROBLEM FOR INVESTORS?
DARSONO, SUSILO NUR AJI COKRO
YUDHI, WAHDI SALASI APRIL
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This book examines the relationship among Global Islamic Index, Regional Islamic Index, Macroeconomics Variables and Indonesia Islamic Index. The The global Islamic index is Dow Jones Islamic Market Index. The Regional Islamic Index is FTSE Bursa Malaysia Hijrah Shariah Index. The macroeconomics variables such as exchange rate, consumer price index, money supply and Bank Indonesia interest rate. The Indonesia Islamic Index is Jakarta Islamic Index. A cointegration test is used to find the long-run relationship among these variables, furthermore Vector Error Correction Model (VECM) were used to find any short-run relationship among these variables.