https://doi.org/10.36835/iqtishoduna.v10i2.864 | 95
IQTISHODUNA: Jurnal Ekonomi Islam
E-ISSN: 2443-0056, P-ISSN: 2252-5661
Accredited Sinta 2 Number 148/M/KPT/2020
Volume 10 Issue 2, October 2021
Journal Page is available to:
https://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna
The Corona Pandemic on Sharia Capital Market in Indonesia
Muhammad Al Faridho Awwal
1*
1
Masters in Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam
Negeri Sunan Kalijaga Yogyakarta, Indonesia
ARTICLE INFO ABSTRACT
Article history:
Received January 15, 2021
Revised March 30, 2021
Accepted April 2, 2021
Available online October 1, 2021
In 2020, the world faced the corona virus pandemic,
which can threaten the economy aspect of every
country. There are many countries end up
experiencing recession, including Indonesia. This
study tries to test the effect of the corona pandemic
on the Jakarta Islamic Index (JII) stock price,
simultaneously and partially. The result shows the
stock prices that are included in the Jakarta Islamic
Index (JII), simultaneously for three quarters,
significantly affected by the corona pandemic.
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
the Q2 are ADRO, ASII, BTPS, ERAA, ICBP, INDF,
INTP, MDKA, MNCN, PTBA, SCMA, SMGR and
UNVR, while in the Q3 are ANTM, ERAA, MDKA,
PGAS, TPIA.
Keywords:
Corona, Pandemi, JII
Paper type: Research paper
Please cite this article [Turabian of
style 8th edition]: Faridho, Muhammad.
" The Corona Pandemic On Sharia
Capital Market in
Indonesia" IQTISHODUNA: Jurnal
Ekonomi Islam [Online], Volume 10
Number 2 (1 October 2021)
*Corresponding author
e-mail: mafaalial@gmail.com
Page: 95-104
IQTISHODUNA with CC BY license. Copyright © 2021, the author(s)
Abstrak: Pada tahun 2020 dunia dihadapkan pada kenyataan bahwa Virus Corona dapat mengancam
perekonomian suatu negara, banyak negara yang akhirnya mengalami resesi, termasuk Indonesia.
Penelitian ini mencoba menguji pengaruh pandemi corona terhadap harga saham Jakarta Islamic Index
(JII) baik secara simultan maupun parsial. Hasilnya, harga saham yang masuk dalam Jakarta Islamic
Index (JII) secara serentak selama tiga kuartal memang terdampak signifikan akibat pandemi corona.
Namun secara parsial, tidak semua emiten terkena dampak pandemi ini. Terlihat bahwa emiten yang
terkena dampak pada range Q1 adalah ADRO, INCO, SCMA, UNVR, pada Q2 ada ADRO, ASII,
BTPS, ERAA, ICBP, INDF, INTP, MDKA, MNCN, PTBA, SCMA, SMGR dan UNVR , sedangkan di
Q3 ada ANTM, ERAA, MDKA, PGAS, TPIA.
Kata kunci: Corona, Pandemi, JII