The Effect of Rupiah Return Sharia Shares

Abstract

Data obtained from IDX monthly Statistic and the official website of Bank Indonesia with the time period January 2011 - December 2014. The population of this research are 21 companies in the Consumer Goods Industry Company category. After passing through several stages of selection sampling purpose is to see stocks go into in Jakarta Islamic Index (JII) consistently over the observation period, the data showed representative sample of three companies. Statistical is using multiple linear regression to obtain an overall description of the relationship between one variables to the other.

The results showed that the variables of  Rupiah has no effect on the stock return of sharia either partially or simultaneously. This result indicate that the Rupiah can not be used as a reference in determining the investment strategy for investors in their funds in the stock market.

Keywords: Rupiah, Syari’ah Stock Return