FTSE Bursa Malaysia Hijrah Shariah Index Consumer Price Index
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Al ghurm bil ghunm and al kharaj bil daman
The entitlement to revenue depends on a corresponding liability for loss
In Quarter 1 until quarter 4, JII experience positive denomination along this year. Along 2010, JII had positive denomination in 4 quarters. In
2011, JII had positive denomination from quarter 1 until quarter 3, but had negative denomination in the last quarter of 2011. JII had counter back
position to be positive denomination in quarter 1 2012 and continue increasing until the last quarter of 2012. In the first quarter 2013, JII had
negative denomination and get up in second quarter but in the third and the forth quarter JII decreasing to negative denomination. The same situation
also happened in the first quarter 2014, which is negative denomination and increasing in the second and the third quarter, but in the last quarter of
2014 JII had down to negative denomination.Dow Jones Islamic Market Index DJIM also had fluctuative returns along 2010 until 2014. The
volatility of stock returns happen every year, the schemes are in the begining of the year, middle and the end of the year. The exchange rate
between US Dollar to Indonesian Rupiah relatively stable between 9.000 until 9.500 in 2010 until 2012. In the begining of 2013 until 2014 the
position Indonesian rupiah to US Dollar more depreciate. The highest rate is in the first quarter 2014, such amount as 12.242. The lowest rate is in
August 2011, such amount as 9.046. FTSE Bursa Malaysia Hijrah Shariah Index FHSI had fluctuative respons along 2010-2014. A increasing trend
occured in CPI data which is low in the begining at113,78 in the first quarter 2010 and continuing the trend until the last quarter of 2014. Money
supply had upward trends along this 5 years, In the first quarter 2010 the amount of money supply is 2073860 and in the last quarter 2014 the
amount of money supply is ϰϬϮϰϱϯϲ. Bank Indonesia had relatively normal
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rate in first quarter 2010 at 6,5 and experienced its lowest rate in second quarter 2012 until second quarter 2013 at 5.75 and the highest rate in the
last quarter of 2014 such amount 7,5. In term of JII it experienced relatively positive sentiment during
2010 until 2014. There are some negative sentiment in Quarter 4 2011, Quarter 3 2012, Quarter 1 2013, Quarter 3 Quarter 4 2013 and Quarter 1
4 2014. It is influenced by the general trend in Indonesia and International capital market after the US financial crisis in 2008 and 2012.