daya tarik pasar modal islami: studi di bursa efek indonesia
Clicks: 113
ID: 133754
2017
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This
article has not been analysed, so there is no overall score —
reader engagement is measured and shown alongside.
Reader Engagement
Steady Performance
30.0
/100
113 views
30 readers
AI Quality Assessment
Not analyzed
Readership in this journal
SteadyRanked #69 of 99 articles by views in Biomolecules
Most read
Least read
Bar heights use a square-root scale.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
5
SUSD
one-off · no wallet required
Abstract
Islamic capital market was a capital market in which the stock issuer’s business and the trading mechanismwere both Islamic. Islamic corporate issuers were already selected in Islamic stock index while Islamic trademechanism had to meet the requirements to avoid speculation (gharar). Some experts had proposed a model ofan Islamic stock trading such as Metwally (1992) and Chapra (1992). The question was if the islamic modelwas applied, “was the stock market still interesting?” This study wanted to answer that question. By using asample of companies in Jakarta Islamic Index (JII) from 2007 to 2013 this study showed the following results.Metwally model proved to be very attractive because it generated a return (capital gain) at least equal to realcapital markets and the risk of capital loss was smaller. But investors should be careful because the standarddeviation of return among stock in this stock market model was relatively high. Meanwhile, the Chapra modelgave investors not only a lower risk but also lower returns. The performance of Chapra Islamic capital marketmodel had not been conclusive because when using Sharpe index and Jensen index, the performance indexdecreased but when using the Treynor index, the performance did not decrease.
| Reference Key |
arifin2017jurnaldaya
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | ;Zaenal Arifin |
| Journal | Biomolecules |
| Year | 2017 |
| DOI |
DOI not found
|
| URL | |
| Keywords |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.