PENGARUH INDEKS PRODUKSI INDUSTRI, SERTIFIKAT BANK INDONESIA SYARIAH, INFLASI, KURS TERHADAP INDEKS SAHAM SYARIAH INDONESIA

Abstract

Abstract:This study aims to determine the effect of industrial production index, Indonesian sharia bank certicate, inflation, exchange rate on theIndonesian sharia stock index for the period 2012 to 2020, the data used is secondary data obtained through the oficial website of BPS (central statistical agency), BI (bank indonesia), OJK inancial services authority), IDX (sharia stock index)  with  a  time  series for  the  2012-2020 period.  The  approach  used  is  a  quantitative approach with multiple linear regression analysis also supported by the classical assumption test consisting of normality test, autocorrelation test, multicollinearity test, heteroscedasticity test. The variables used are the industrial production index (x1) sharia bank certicates (x2), inflation (x3), exchange rates (x4), and sharia stock index (Y). The results of this study indicate that the industrial production index hasa signicant influence on the index. Indonesian sharia shares,   and Indonesian  sharia  bank  certicates,  inflation,  exchange  rates  do  not  have  a signicant efect on the Indonesian sharia stock index.

Keywords: Industrial Production Index, Shariah Bank Indonesia Certificate, Inflation, Exchange Rate, Indonesian sharia stock indeks