Volatilitas Harga Saham Konvensional(Dow Jones Industrial Average) Dan Saham Syariah (Ftse Bursa Malaysia Emas Shariah)Tahun 2007-2017

Pamungkas, Djalu and -, Dr. Imron Rosyadi M.Ag (2019) Volatilitas Harga Saham Konvensional(Dow Jones Industrial Average) Dan Saham Syariah (Ftse Bursa Malaysia Emas Shariah)Tahun 2007-2017. Skripsi thesis, Universitas Muhammadiyah Surakarta.

	PDF (Halaman Baru) HALAMAN DEPAN baru.pdf Download (1MB)
	PDF (Bab I) BAB I.pdf Download (515kB)
	PDF (Bab II) BAB II.pdf Restricted to Repository staff only Download (520kB)
	PDF (Bab III) BAB III.pdf Restricted to Repository staff only Download (18kB)
	PDF (Bab IV) BAB IV.pdf Restricted to Repository staff only Download (414kB)
	PDF (Bab V) BAB V.pdf Restricted to Repository staff only Download (259kB)
	PDF (Daftar Pustaka) DAFTAR PUSTAKA.pdf Download (156kB)
	PDF (Lampiran) LAMPIRAN.pdf Restricted to Repository staff only Download (242kB)
	PDF (Surat Pernyataan Publikasi) SURAT PUBLIKASI.pdf Restricted to Repository staff only Download (209kB)
	PDF (Naskah Publikasi) naspub baru 1.pdf Download (2MB)

Abstract

Stock is one of the investment instruments tend to fluctuate due to various economic conditions. Price fluctuations can be studied in the analysis of volatility. Volatility is an important aspect in choosing stocks. Besides volatility, type of sector in stocks have to be learned. Stocks according to Islamic law or Shariah Stocks must not be engaged in financial services based on riba, gambling, non-halal product manufactures, conventional insurances, entertainment againts shariah rules, manufature or sale of tobacco-based products, share trading in Shariah non-compliant securities, and other activities deemed non-permissible according to Shariah. The aims of this study are to determine the volatility of conventional stock index (Dow Jones Industrial Average) and Islamic stocks (FTSE Bursa Malaysia EMAS Shariah) and to find out the point of views of Islamic law on conventional stock (Dow Jones Industrial Average) and shariah stock (FTSE Bursa Malaysia EMAS Shariah). The type of research is quantitative research. The analytical method used to estimate volatility is ARCH/GARCH method. The ARCH / GARCH equation is generally denoted in (p,q). The p notation determines the ARCH or squared residuals element and the q notation indicates the GARCH element or conditional variance. The results explain that the volatility of conventional stock (Dow Jones Industrial Average) is estimated with GARCH(2.0) and the volatility is 1.64223 which is included in the high volatility category. Meanwhile, shariah stock (FTSE Bursa Malaysia Emas Shariah) is estimated with GARCH (1.0) at the level of volatility of 0.57717 which is included in the low volatility category. Conventional stock (Dow Jones Industrial Average) is more volatile than shariah stock (FTSE Bursa Malaysia EMAS Shariah). High volatility indicates high speculation and high risk. Conventional stock (Dow Jones Industrial Average) does not obey the Islamic Law because there is financial services based on riba prohibited by Islam, according to QS. Al-Baqarah: 275. In addition, in conventional stock there is still non-halal food products. Shariah stock (FTSE Bursa Malaysia EMAS Shariah) comply the Islamic rules viewed from the akad and business sector Keywords: rafaksi, cassava farmer and buyer

Item Type:	Thesis (Skripsi)
Uncontrolled Keywords:	rafaksi, cassava farmer and buyer
Subjects:	B Philosophy (General); Religion > BA Islam > BA12 Hukum Ekonomi Islam H Social Sciences > HB Economic Theory
Divisions:	Fakultas Agama Islam > Hukum Ekonomi Syariah (HES)
Depositing User:	DJALU PAMUNGKAS
Date Deposited:	01 Apr 2019 07:55
Last Modified:	30 Sep 2022 07:45
URI:	http://eprints.ums.ac.id/id/eprint/71961

Actions (login required)

View Item