PENGARUH VARIABEL MAKRO TERHADAP NILAI AKTIVA BERSIH (NAB) REKSADANA SAHAM SYARIAH

Authors

  • Yeny Fitriyani STAI Al Husain Magelang Author
  • Mariana Ratih Ratnani Universitas Gajah Mada Author
  • Natiq Al Aksar Universitas Islam Indonesia Author

DOI:

https://doi.org/10.61136/4arczf56

Keywords:

Exchange Rates, Inflation and Stock Prices

Abstract

This study aims to analyze the effect of macro variables (Islamic Indonesian bank certificates, inflation rates, rupiah exchange rates, the amount of money in circulation, and the composite stock price index) on the net asset value (NAV) of Islamic stock mutual funds. The population in this study consisted of five Sharia stock mutual fund products with the most complete total NAV, namely Trim Syariah Shares, CIMB-Principal Islamic Equity Growth Sharia, Mandiri Investa Syariah Attractive, Cipta Syariah Equity, and Manulife Syariah Sectoral Amanah during 2013 to 2016. Analysis tools The panel data analysis method of Fixed Effect (FEM) is used. The results showed 
that the inflation rate, the exchange rate of the rupiah, the Jakarta 
Composite Index (JCI) and the money supply significantly influenced the 
NAV of Islamic mutual fund shares. The variable that has no significant 
effect on the NAV of Islamic mutual funds is SBIS.

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Published

30-04-2020

Issue

Vol. 6 No. 1 (2020): Wahana Islamika: Jurnal Studi Keislaman

Section

Articles

License

Copyright (c) 2023 Yeny Fitriyani, Mariana Ratih Ratnani, Natiq Al Aksar (Penulis)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

How to Cite

PENGARUH VARIABEL MAKRO TERHADAP NILAI AKTIVA BERSIH (NAB) REKSADANA SAHAM SYARIAH. (2020). Wahana Islamika: Jurnal Studi Keislaman, 6(1), 1-15. https://doi.org/10.61136/4arczf56