Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Manajemen

Analisis Return Reksa Dana Syariah Berdasarkan Domestic Macroeconomics dan Foreign Macroeconomics Dwi Putri Restuti; Bayu Tri Cahya
Jurnal Manajemen dan Keuangan Vol 12 No 1 (2023): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v12i1.6066

Abstract

The investment trend of Islamic mutual funds is very interesting in the era of globalization. Sharia mutual funds are the right investment solution because their operations are free from elements of maysir, gharar and usury. In addition, ease of access and reach is also influenced by the application of technology. Investors simply monitor the development of investment instruments using mobile phones. Based on this phenomenon, it is necessary to analyze the various factors that influence the development of Islamic mutual funds so that investors can obtain maximum returns. These influential factors can be domestic macroeconomic factors (inflation, exchange rates and the BI Rate) and foreign (Dow Jones Islamic Market Index). Therefore, this study aims to determine the effect of inflation, exchange rates, the BI Rate and the Dow Jones Islamic Market Index on the return of Islamic mutual funds. A quantitative approach was adopted in the research along with the sample selection using the Purposive Sampling method. So that the population is all Islamic mutual funds registered with the Financial Services Authority with a sample of 17 Islamic mutual funds. Based on multiple linear regression analysis, the results show that: 1) inflation has a partially significant effect on the return of Islamic mutual funds, 2) the exchange rate has no significant effect partially on the return of sharia mutual funds, 3) the BI Rate has no significant effect partially on the return of sharia mutual funds, and 4) the Dow Jones Islamic Market Index has a partially significant effect on the return of Islamic mutual funds. The use of foreign stock indexes (Dow Jones Islamic Market Index) is a novelty in this study.
Co-Authors A.A. Ketut Agung Cahyawan W Andriani, Asih Aryanti Muhtar Kusuma Aryanti Muhtar Kusuma Asih Andriani Asih Andriani Betania Kartika Muflih Cihwanul Kirom Danang Kurniawan Danang Kurniawan, Danang Dian Palupi Aqim Dita Apriliana Sari Djoko Suhardjanto Dwi Putri Restuti Dwi Putri Restuti Dwi Putri Restuti Eri Vitriani Eskasari Putri Etha Widyarani Farida Rohmah Farida Rohmah Farikatun Nadhifah Fatchan Achyani Fika Sufiana Fitri Handayani Hadi Purnomo Hikmah Endraswati Hikmah Endraswati, Hikmah Ibnu Muttaqin Ika Erlita Inada Rizqy Irma Suryani Lubis Irsad Andriyanto Irsad Andriyanto Ita Akyuna Nightisabha Iwan Fahri Cahyadi Jadzil Baihaqi Jadzil Baihaqi Johan Afandi Lailis Sa’adah Lorena Dara Putri Karsono Makrufah Hidayah Islamiah Miftah Nurul Khaqiqi Muhammad Lutfi Kuncoro Muhammad Soni Salahuddin Muhammad Zaki Muhammad Zaki Mursal Mursal Muslim Marpaung Muzayyidatul Habibah Nadhifah, Farikatun Nafiah, Siti Nila Ayu Kusuma W. Noor Sifah Nur Choridah Nur Kholis Puji Wahyu Hidayanti Putri Rubiana rakhmawati, ita Ratih Paramita Sari Ratih Paramitasari, Ratih Restuti, Dwi Putri Rikha Zakiyah Riyan Adni Rizki Fauriza Agustina Rukmini Rukmini S Surepno Saidatul Munawwaroh Salma Badriyah Sari, Dita Apriliana Siti Amaroh Siti Nafiah Sufiana, Fika Suparwi Suparwi Suparwi Suparwi Suparwi Suparwi Surepno Surepno Syahrina Nurmala Dewi Syahrina Nurmala Dewi, Syahrina Nurmala Syamsudin Syamsudin Syamsudin Syamsudin Syarif Hidayatullah Ulfiyatul Jannah Umi Hanifah Umi Hanifah Umi Hanifah Umi Hanifah Uswatun Khasanah Uswatun Khasanah Vitriani, Eri Wahyono Wahyono Waluyo Waluyo Widi Savitri Andriasari Widi Savitri Andriasari Widi