A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa

Shariah Index is an index that conclude the stocks of Shariah-compliant company. Therefore, company that listed in it should follow the Shariah law that is base on the Al-Quran and As- Sunnah. This research is conducted to discover the either there is any relation between Shariah index stock price w...

Full description

Bibliographic Details
Main Author:	Musa, Mohd Nur Ridhwan
Format:	Student Project
Language:	English
Published:	Faculty of Business and Management 2011
Subjects:	Macroeconomics Stock price indexes. Stock quotations Finance, Islamic
Online Access:	http://ir.uitm.edu.my/id/eprint/25491/ http://ir.uitm.edu.my/id/eprint/25491/1/PPb_MOHD%20NUR%20RIDHWAN%20MUSA%20BM%20M%2011_5.pdf

id	uitm-25491
recordtype	eprints
spelling	uitm-254912019-11-27T06:41:39Z http://ir.uitm.edu.my/id/eprint/25491/ A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa Musa, Mohd Nur Ridhwan Macroeconomics Stock price indexes. Stock quotations Finance, Islamic Shariah Index is an index that conclude the stocks of Shariah-compliant company. Therefore, company that listed in it should follow the Shariah law that is base on the Al-Quran and As- Sunnah. This research is conducted to discover the either there is any relation between Shariah index stock price with three selected macroeconomic variables selected which involve Interest rate, Inflation rate and also Currency plus to discover which of these three variables give the biggest impact toward the Shariah index stock price. Market selected is United Kingdom Shariah Index and the specific scope had choose S&P Europe 350 Shariah Index since the United Kingdom Shariah index included in this type of index. In the process of discovering the result in the research methodology chapter, Multiple Linear Regression model is selected and three year period in a monthly basis as the scope of research starting from April 2008 until March 2011. In the finding chapter, the result shown that there is no relationship between all those independent variables affecting the S&P Europe Shariah Index stock price even there are still a positive and negative relationship shows in the equation. In conclusion, the S&P Europe Shariah Index stock price is influence by the other macroeconomic variables that is not included in this research, variables like unemployment, gross domestic product, population etc. would be the macroeconomic variables that is recommended for the future research. Faculty of Business and Management 2011 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/25491/1/PPb_MOHD%20NUR%20RIDHWAN%20MUSA%20BM%20M%2011_5.pdf Musa, Mohd Nur Ridhwan (2011) A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Macroeconomics Stock price indexes. Stock quotations Finance, Islamic
spellingShingle	Macroeconomics Stock price indexes. Stock quotations Finance, Islamic Musa, Mohd Nur Ridhwan A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa
description	Shariah Index is an index that conclude the stocks of Shariah-compliant company. Therefore, company that listed in it should follow the Shariah law that is base on the Al-Quran and As- Sunnah. This research is conducted to discover the either there is any relation between Shariah index stock price with three selected macroeconomic variables selected which involve Interest rate, Inflation rate and also Currency plus to discover which of these three variables give the biggest impact toward the Shariah index stock price. Market selected is United Kingdom Shariah Index and the specific scope had choose S&P Europe 350 Shariah Index since the United Kingdom Shariah index included in this type of index. In the process of discovering the result in the research methodology chapter, Multiple Linear Regression model is selected and three year period in a monthly basis as the scope of research starting from April 2008 until March 2011. In the finding chapter, the result shown that there is no relationship between all those independent variables affecting the S&P Europe Shariah Index stock price even there are still a positive and negative relationship shows in the equation. In conclusion, the S&P Europe Shariah Index stock price is influence by the other macroeconomic variables that is not included in this research, variables like unemployment, gross domestic product, population etc. would be the macroeconomic variables that is recommended for the future research.
format	Student Project
author	Musa, Mohd Nur Ridhwan
author_facet	Musa, Mohd Nur Ridhwan
author_sort	Musa, Mohd Nur Ridhwan
title	A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa
title_short	A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa
title_full	A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa
title_fullStr	A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa
title_full_unstemmed	A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa
title_sort	study on the macroeconomic variables that influence shariah index: case of united kingdom / mohd nur ridhwan musa
publisher	Faculty of Business and Management
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/25491/ http://ir.uitm.edu.my/id/eprint/25491/1/PPb_MOHD%20NUR%20RIDHWAN%20MUSA%20BM%20M%2011_5.pdf
first_indexed	2023-09-18T23:14:50Z
last_indexed	2023-09-18T23:14:50Z
_version_	1777419042740502528

A study on the macroeconomic variables that influence Shariah Index: case of United Kingdom / Mohd Nur Ridhwan Musa

Similar Items