TY  - JOUR
VL  - 15
JF  - IQTISHADIA : Jurnal Kajian ekonomi dan bisnis islam
ID  - repository24367
SN  - 2502 - 3993
IS  - 2
N2  - Economic and monetary systems all over the world are increasingly becoming intertwined as a result of globalization. In addition, investors in the Islamic stock market may experience a decrease in the benefits of diversification because of shocks produced by globalization. This research aims to examine how the Indonesian Islamic stock index relates to the other Islamic stock indices from developed and developing countries. Data collected daily from 2012-2021, totaling 2088 observations, using a vector error correction model show that the Islamic stock index in Indonesia is linked to the Islamic stock index in both developed and developing countries. In addition, the Indonesian Islamic stock index had mixed reactions to both established and emerging Islamic stock indices. The Islamic stock indices in Indonesia are primarily affected by Japan?s involvement. Indonesia?s Islamic stock indices must prepare various alternative strategies for dealing with shocks from the Islamic stock indices in both developed and developing countries.
AV  - public
EP  - 288
PB  - IQTISHADIA : Jurnal Kajian ekonomi dan bisnis islam
Y1  - 2022///
A1  - Budiandru, Budiandru
TI  - Integration of the Indonesian Islamic Stock Index: Evidence from Developed and Developing Countries
UR  - https://journal.iainkudus.ac.id/index.php/IQTISHADIA/article/view/14462
SP  - 273
ER  -