Analisis Pengaruh Harga Emas Dunia, Harga Minyak Dunia, Jumlah Uang Beredar, Inflasi, Kurs Rupiah Terhadap Jakarta Islamic Index (Jii) Periode 2011-2015
KeywordsIndonesia Capital Market
Islamic Mutual Fund
World Gold Prices
World Oil Prices
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AbstractAnalysis of the Influence of World Gold Prices, World Oil Prices, Broad Money, Inflation, Exchange Rate against Jakarta Islamic Index (JII) Period 2011-2015 Indonesian capital market in recent years developed quite dynamically. One of them is characterized by the rapid growth of mutual funds in a collective investment contract in the Indonesian capital market. In its development has been present Islamic mutual fund that spesifically invest fund in shares of companies that do not conflict with sharia. In 2000 established the islamic stock index named Jakarta Islamic Index contains 30 stocks selected based on the criteria of sharia as well as financial ratios have been determined.
This research analyze the influence between World Gold Prices, World Oil Prices, Broad Money, Inflation, Rate of Rupiah toward Jakarta Islamic Index to know how big influence. By using times series data on 2011-2015 period. The analytical method is used Vector Error Correction with Microsoft Excel 2007 and Eviews 8.0. Results from this study indicate that the World Gold Prices, World Oil Prices, and Rupiah Exchange Rate had a positively effect the JII.