Syahputra, Maldi (2025) Pengaruh Saham Syariah, Sukuk, dan Reksadana Syariah Terhadap Pertumbuhan Ekonomi Nasional Tahun 2020-2024. Other thesis, Universitas Islam Riau.

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Abstract

Indonesia's national economic growth required the support of an inclusive and sustainable financial sector. One of its important pillars was the Sharia capital market, which offers investment instruments in accordance with Sharia principles. It was expected to become an alternative halal investment and a source of development financing, especially after the economic contraction caused by the COVID-19 pandemic in 2020. This study aimed to analyze the influence of Sharia Stocks, Sukuk, and Sharia Mutual Funds on Indonesia's national economic growth in the 2020-2024 period. The method of the study was a quantitative approach with an associative research. The data source of the study was from the secondary data in the form of the Jakarta Islamic Index (JII) for Sharia Stocks, the value of outstanding corporate Sukuk, the Net Asset Value (NAV) of Sharia Mutual Funds, and Indonesia's Gross Domestic Product (GDP). The data analysis technique of the study was multiple linear regression analysis performed by SPSS Version 25. The results of the study showed that the result of the hypothesis tests for Sharia Stocks was accepted, for sukuk was rejected, and for sharia Mutual Funds was accepted. Simultaneously, the Sharia Stocks, Sukuk, and Sharia Mutual Funds had an influence on economic growth. The coefficient of determination (R2) was 93%. Based on the statistical tests, it found that the Sharia Stocks had a significant positive influence on economic growth, Sukuk had a negative and insignificant influence on the economic growth, and the sharia Mutual Funds had a negative but significant influence on the economic growth. Simultaneously, it demonstrated that the Sharia Stocks, Sukuk, and Sharia Mutual Funds had a positive and significant influence on the economic growth.

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