This study aims to determine the effect of liquidity ratios, solvency ratios, and profitability ratios on changes in earnings of listed companies in the Jakarta Islamic Index (JII) and the FTSE Bursa Malaysia Hijrah Shariah Index (FBMHS). This study uses quantitative methods with secondary data in the form of financial statements of companies registered in JII and FBMHS in 2017 to 2018. The study population is all companies registered in JII as many as 30 companies and registered in FBMHS as many as 30 companies within a period of two years. From the total of 60 companies, 29 companies were selected as the research samples using the purposive sampling method. This study uses multiple linear regression analysis techniques. The results show that the liquidity ratio that is current ratio significantly positive effect, while the solvency ratio that is debt to equity ratio, and profitability ratios that is return on assets have a positive not significant effect on earnings changes. In addition, the results of research conducted to examine the differences in earnings changes between JII and FBMHS show no difference in earnings changes on the two Islamic Stock Indexes. But on the other hand, the results of the study showed a difference in the solvency ratio, that is debt to equity ratio between JII and FBMHS. The implications of this research are as a consideration for companies to increase profits from year to year, as a material consideration for investors before investing, and a motivation for next researchers.