ABSTRACT:- A development of the capital market in Indonesia also follows developments in other countries by forming a sharia capital market. The presence of the sharia capital market which was launched in July 2000 was marked by the establishment of the Jakarta Islamic Index inseparable from human values to benefit in a sharia way. The purpose of this research analyzed and interpreted the influence of Macroeconomic Fundamentals and Microeconomic Fundamentals on Unsystematic Risk, Free Cash Flow, Profitability and Audit Opinion Going Concern with Good Corporate Governance and Value of The Firm. The population in this research was 120 companies that were included in Jakarta Islamic indexes category that used purposive sampling techniques so as to get a total sample of 25 companies. The data analysis in this research used SmartPLS Software. The results showed that Macroeconomic Fundamentals, to Unsystematic Risk, Free Cash Flow and Profitability had a significant effect while Macroeconomic Fundamentals on Audit Opinion Going Concern had an insignificant effect. Microeconomic Fundamentals, on Unsystematic Risk, Free Cash Flow and Audit Opinion Going Concern had a significant effect while Microeconomic Fundamentals on Profitability have an insignificant effect. The effect of Unsystematic Risk on Free Cash Flow had a significant effect. Free Cash Flow and Audit Opinion Going had a significant effect

Keywords: Macroeconomic Fundamentals, Microeconomic Fundamentals, Unsystematic Risk, Free Cash Flow, Profitability, Audit Opinion Going Concern, Good Corporate Governance, Value of The Firm