Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund

Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund

This study provides evidence that value and growth stocks are able to explain Net Asset Value of sharia mutual fund. Growth and value stocks in 2013-2017 are used to predict mutual fund profits. Thus, prior to any losses or lower Net Asset Value experienced by customers, investment managers and inve...

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Main Authors: Rusmita, Sylva Alif, Che Mohd Salleh, Marhanum, Sukmaningrum, Puji Sucia, , Siti Zulaikha
Format: Article
Language:English
Published: State Islamic University Syarif Hidayatullah Jakarta 2019
Subjects:
HG Finance
HG3368 Islamic Banking and Finance
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/74751/
http://irep.iium.edu.my/74751/
http://irep.iium.edu.my/74751/1/Al-Iqtishad%202019.pdf
id iium-74751
recordtype eprints
spelling iium-747512019-10-11T07:41:07Z http://irep.iium.edu.my/74751/ Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund Rusmita, Sylva Alif Che Mohd Salleh, Marhanum Sukmaningrum, Puji Sucia , Siti Zulaikha HG Finance HG3368 Islamic Banking and Finance HG4501 Stocks, investment, speculation This study provides evidence that value and growth stocks are able to explain Net Asset Value of sharia mutual fund. Growth and value stocks in 2013-2017 are used to predict mutual fund profits. Thus, prior to any losses or lower Net Asset Value experienced by customers, investment managers and investors can estimate the profit or loss obtained. This study uses quantitative method with the latest secondary data from companies indexed in the Jakarta Islamic Index and sharia mutual fund data. The results of statistical tests show that growth and value shares equally affect the profit of sharia mutual funds. The growth stock has a larger R-Square than stock value. Meanwhile, the ratios that most affect Net Asset Value of sharia mutual fund are the Return on Equity and Book to Market Value. State Islamic University Syarif Hidayatullah Jakarta 2019-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/74751/1/Al-Iqtishad%202019.pdf Rusmita, Sylva Alif and Che Mohd Salleh, Marhanum and Sukmaningrum, Puji Sucia and , Siti Zulaikha (2019) Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 11 (1). pp. 153-166. ISSN 2087-135X E-ISSN 2407-8654 http://journal.uinjkt.ac.id/index.php/iqtishad/issue/archive
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
HG3368 Islamic Banking and Finance
HG4501 Stocks, investment, speculation
spellingShingle HG Finance
HG3368 Islamic Banking and Finance
HG4501 Stocks, investment, speculation
Rusmita, Sylva Alif
Che Mohd Salleh, Marhanum
Sukmaningrum, Puji Sucia
, Siti Zulaikha
Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund
description This study provides evidence that value and growth stocks are able to explain Net Asset Value of sharia mutual fund. Growth and value stocks in 2013-2017 are used to predict mutual fund profits. Thus, prior to any losses or lower Net Asset Value experienced by customers, investment managers and investors can estimate the profit or loss obtained. This study uses quantitative method with the latest secondary data from companies indexed in the Jakarta Islamic Index and sharia mutual fund data. The results of statistical tests show that growth and value shares equally affect the profit of sharia mutual funds. The growth stock has a larger R-Square than stock value. Meanwhile, the ratios that most affect Net Asset Value of sharia mutual fund are the Return on Equity and Book to Market Value.
format Article
author Rusmita, Sylva Alif
Che Mohd Salleh, Marhanum
Sukmaningrum, Puji Sucia
, Siti Zulaikha
author_facet Rusmita, Sylva Alif
Che Mohd Salleh, Marhanum
Sukmaningrum, Puji Sucia
, Siti Zulaikha
author_sort Rusmita, Sylva Alif
title Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund
title_short Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund
title_full Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund
title_fullStr Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund
title_full_unstemmed Growth and value effect on Jakarta Islamic Index: analysis towards performance of Sharia equity mutual fund
title_sort growth and value effect on jakarta islamic index: analysis towards performance of sharia equity mutual fund
publisher State Islamic University Syarif Hidayatullah Jakarta
publishDate 2019
url http://irep.iium.edu.my/74751/
http://irep.iium.edu.my/74751/
http://irep.iium.edu.my/74751/1/Al-Iqtishad%202019.pdf
first_indexed 2023-09-18T21:45:47Z
last_indexed 2023-09-18T21:45:47Z
_version_ 1777413440483098624

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