The Corona Pandemic on Sharia Capital Market: Evidence From Indonesia

  • Muhammad Al Faridho UIN Sunan Kalijaga

Abstract

In 2020, the world is faced with the fact that the Corona Virus can threaten the economy of a country, many countries end up experiencing recession, including Indonesia. This research tries to test the effect of the corona pandemic on the Jakarta Islamic Index (JII) stock price both simultaneously and partially. The result is that the stock prices that are included in the Jakarta Islamic Index (JII) simultaneously for three quarters are indeed significantly affected by the corona pandemic. But partially, not all issuers are affected by this pandemic. It can be seen that the issuers affected in the Q1 range are ADRO, INCO, SCMA, UNVR, in Q2 there are ADRO, ASII, BTPS, ERAA, ICBP, INDF, INTP, MDKA, MNCN, PTBA, SCMA, SMGR and UNVR, while in Q3 there are ANTM, ERAA, MDKA, PGAS, TPIA.

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Published
2021-03-31
How to Cite
FARIDHO, Muhammad Al. The Corona Pandemic on Sharia Capital Market: Evidence From Indonesia. IQTISHODUNA: Jurnal Ekonomi Islam, [S.l.], mar. 2021. ISSN 2443-0056. Available at: <https://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/864>. Date accessed: 15 june 2021. doi: https://doi.org/10.36835/iqtishoduna.v10i2.864.