PERBANDINGAN SAHAM BERBASIS SYARIAH DENGAN SAHAM KONVENSIONAL SEBAGAI ANALISA KELAYAKAN INVESTASI BAGI INVESTOR MUSLIM

• Main Authors: muthoharoh muthoharoh, Sutapa Sutapa
• Format: Article
• Language: English
• Published: Universitas Islam Sultan Agung Semarang 2014-07-01
• Series: Jurnal Akuntansi Indonesia
• Subjects: conventional stock; return; risk; sharia stock
• Online Access: http://jurnal.unissula.ac.id/index.php/jai/article/view/899
• ISSN: 0216-6747; 2655-9552

The phenomenon of the lack of confidence Indonesian investors to invest more effort to control the country’s wealth as his own one of them due to lack of knowledge . Including for Indonesian Muslim businessmen , is an alternative investment of choice muamalah . But in this investment activity , there are still concerns the Muslims against the perception of potential investors speculation or gharar . Therefore, the Indonesia Stock Exchange ( IDX ) follow up these concerns by launching Islamic products including Islamic stocks are grouped in two Islamic Indices , Jakarta Islamic Index ( JII ) in 2000 and Indonesia Sharia Stock Index ( ISSI ) in 2011 . The purpose of this study is to analyze and provide empirical evidence that the rate of return and risk performance of Islamic stocks better than conventional stocks . The population is all listed companies that issued shares listed on the Indonesia Sharia Stock Index ( ISSI ) for a group of Islamic stocks and Stock Price Index (CSPI ) for conventional stock group . The sampling method used was purposive sampling method in order to obtain 207 samples . Analytical techniques used include : the classical assumption of normality , descriptive statistical tests , and hypothesis testing are processed using SPSS software version 16 . The results showed that there are significant differences in the performance of stocks in which the conventional stock sharia Islamic stocks have performed much better than the conventional stock .