?url_ver=Z39.88-2004&rft_id=2011011050&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=UJI+VALIDITAS+MODEL+SHARIA+COMPLIANCE+ASSET+PRICING+MODEL%0D%0A(SCAPM)+MUDHARABAH+DAN+CAPITAL+ASSET+PRICING+MODEL+(CAPM)%0D%0APADA+PORTOFOLIO+OPTIMUM+SAHAM+SYARIAH+DI+BURSA+EFEK%0D%0AINDONESIA+PERIODE+2019+-+2023&rft.creator=Abdullah+Samy+%2C+Assyakiri+&rft.subject=330+Ekonomi&rft.subject=332+Ekonomi+keuangan&rft.subject=650+Manajemen+dan+layanan+tambahan&rft.description=Penelitian+ini+mengevaluasi+dan+membandingkan+Capital+Asset+Pricing+Model%0D%0A(CAPM)+dan+Sharia+Compliance+Asset+Pricing+Model+(SCAPM)+dalam+membentuk%0D%0Aportofolio+saham+optimum+berdasarkan+indeks+saham+syariah+di+Bursa+Efek%0D%0AIndonesia%2C+khususnya+pada+Jakarta+Islamic+Index+(JII)+selama+periode+2019-2023.%0D%0ATujuan+utama+dari+penelitian+ini+adalah+untuk+melihat+apakah+model+SCAPM%2C+yang%0D%0Amenggunakan+return+bagi+hasil+mudharabah+sebagai+pengganti+risk-free+rate%2C+dapat%0D%0Amemberikan+hasil+yang+lebih+relevan+bagi+investor+Muslim+dibandingkan+model%0D%0ACAPM.+Melalui+pendekatan+kuantitatif+dan+metode+two-step+regression%2C+penelitian%0D%0Aini+membentuk+portofolio+optimum+dengan+menghitung+beta+saham+dan+menguji%0D%0Ahubungan+antara+risiko+sistematis+dan+return+ekspektasi.+Hasil+penelitian%0D%0Amenunjukkan+bahwa+kedua+model%2C+CAPM+dan+SCAPM%2C+tidak+valid+terhadap+risk%0D%0Adan+expected+return+portofolio+saham+optimum+JII.+Penelitian+ini+diharapkan+dapat%0D%0Amenjadi+referensi+bagi+investor+syariah+dalam+membuat+keputusan+investasi+dan%0D%0Amanajer+investasi+dalam+merancang+strategi+investasi+yang+sesuai+dengan+syariat%0D%0AIslam.%0D%0AKata+kunci%3A+Capital+Asset+Pricing+Model%2C+Sharia+Compliance+Asset+Pricing+Model%2C%0D%0AMudharabah%2C+Portofolio+Optimum%2C+Saham+Syariah%2C+Jakarta+Islamic+Index%0D%0A%0D%0AThis+study+evaluatesand+compares+the+Capital+Asset+Pricing+Model+(CAPM)+and%0D%0Athe+Sharia+Compliance+Asset+Pricing+Model+(SCAPM)+in+forming+an+optimum+stock%0D%0Aportfolio+based+on+the+sharia+stock+index+on+the+Indonesia+Stock+Exchange%2C%0D%0Aparticularly+the+Jakarta+Islamic+Index+(JII)+for+the+2019-2023+period.+The+main%0D%0Aobjective+of+this+study+is+to+assess+whether+the+SCAPM+model%2C+which+uses%0D%0Amudharabah+profit-sharing+returns+as+a+substitute+for+the+risk-free+rate%2C+can+provide%0D%0Amore+relevant+results+for+Muslim+investors+compared+to+the+CAPM+model.+Through%0D%0Aa+quantitative+approach+and+the+two-step+regression+method%2C+this+research+forms%0D%0Aan+optimum+portfolio+by+calculating+stock+betas+and+examining+the+relationship%0D%0Abetween+systematic+risk+and+expected+returns.+The+results+indicate+that+both+models%2C%0D%0ACAPM+and+SCAPM%2C+are+not+valid+in+predicting+risk+and+expected+returns+for+the%0D%0AJII+optimum+stock+portfolio.+This+research+is+expected+to+serve+as+a+reference+for%0D%0Asharia+investors+in+making+investment+decisions+and+for+investment+managers+in%0D%0Adesigning+investment+strategies+that+comply+with+Islamic+principles.%0D%0AKeywords%3A+Capital+Asset+Pricing+Model%2C+Sharia+Compliance+Asset+Pricing+Model%2C%0D%0AMudharabah%2C+Optimum+Portfolio%2C+Sharia+Stocks%2C+Jakarta+Islamic+Index.&rft.publisher=FAKULTAS+EKONOMI+DAN+BISNIS&rft.date=2025-01-17&rft.type=Skripsi&rft.type=NonPeerReviewed&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F82063%2F1%2FABSTRAK.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F82063%2F2%2FSKRIPSI%2520FULL.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F82063%2F3%2FSKRIPSI%2520TANPA%2520BAB%2520PEMBAHASAN.pdf&rft.identifier=++Abdullah+Samy+%2C+Assyakiri+++(2025)+UJI+VALIDITAS+MODEL+SHARIA+COMPLIANCE+ASSET+PRICING+MODEL+(SCAPM)+MUDHARABAH+DAN+CAPITAL+ASSET+PRICING+MODEL+(CAPM)+PADA+PORTOFOLIO+OPTIMUM+SAHAM+SYARIAH+DI+BURSA+EFEK+INDONESIA+PERIODE+2019+-+2023.++FAKULTAS+EKONOMI+DAN+BISNIS%2C+UNIVERSITAS+LAMPUNG.++++(Submitted)++&rft.relation=http%3A%2F%2Fdigilib.unila.ac.id%2F82063%2F