This study aimed to analyze the return effect of sharia Indonesia bank certificates, rupiah exchange rate, and money supply (M2) toward capitalization value of Indonesian Sharia Stock Index (ISSI) for the period (Q1) 2012 - (Q4) 2018. The method use in study is a model error correction model (ECM) that supported by Eviews 10, to measure the effect of macroeconomic variables on Indonesian Shar…