Reksadana syariah
228816387
ANALISIS PERBANDINGAN KINERJA REKSADANA SYARIAH DENGAN KINERJA REKSADANA KONVENSIONAL STUDI PADA REKSADANA YANG TERDAFTAR DI OTORITAS JASA KEUANGAN PERIODE 2016 2019)
Reksadana pada umumnya diartikan sebagai wadah yang dipergunakan untuk menghimpun dana dari masyarakat pemodal untuk selanjutnya diinvestasikan dalam portofolio efek (saham, obligasi, valas atau deposito) oleh manajer investasi. Reksadana dalam perkembangannya berhasil menarik minat banyak investor karena beberapa keunggulan yang dimilikinya (Darmadji dan Fakhruddin, 2001) seperti terbukanya kesempatan bagi pemodal kecil untuk melakukan diversifikasi investasi dalam efek sehingga memperkecil risiko yang dihadapi, mempermudah pemodal kecil untuk melakukan investasi di pasar modal, dan efisiensi waktu.Bangkitnya ekonomi Islam menjadi fenomena yang menarik dan menggembirakan terutama bagi penduduk Indonesia yang mayoritas beragama Islam, sehingga pengembangan produk pasar modal yang berbasis syariah perlu ditingkatkan. Reksadana syariah tidak memiliki pasarnya sendiri, akan tetapi diperdagangkan pada pasar yang sama dengan reksadana konvensional. Dengan kata lain, membeli reksadana syariah dapat dilakukan melalui manajer investasi yang sama dengan reksadana konvensional, serta ditawarkan kepada calon pembeli dengan cara dan prosedur yang sama dengan reksadana kovensional.
Riri Permata Sari Yuhelmi Yuhelmi Tyara Dwi Putri
225894914
PENGARUH INFLASI, NILAI TUKAR RUPIAH, SUKU BUNGA BANK INDONESIA DAN HARGA EMAS TERHADAP NILAI AKTIVA BERSIH REKSADANA SYARIAH
Tujuan penelitian ini adalah untuk menyelidiki dan menguji peran inflasi, nilai tukar rupiah, suku bunga bank indonesia dan harga emas dengan nilai aktiva bersih reksadana syariah di Indonesia. Data yang digunakan pada penelitian ini adalah data bulanan mulai januari 2013 hingga desember 2018. Untuk keperluan tersebut, penelitian ini memilih 6 reksadana syariah dan menguji hubungan regresional kelima variabel tersebut. Teknik sampling pada penelitian ini adalah purposive sampling. Teknik pengumpulan data pada penelitian ini adalah dengan cara mengumpulkan data dari literatur literatur yang relevan dan berkaitan dengan penelitian. Penelitian menggunakan pendekatan kuantitatif dan metode analisis linier berganda Temuan menunjukkan bahwa inflasi tidak berpengaruh terhadap nilai aktiva bersih reksadana syariah sedangkan nilai tukar rupiah berpengaruh signifikan dengan arah hubungan negatif terhadap nilai aktiva bersih reksadana syariah, suku bunga bank indonesia berpengaruh signifikan dengan arah hubungan positif terhadap nilai aktiva bersih reksadana syariah dan harga emas berpengaruh signifikan dengan arah hubungan negatif terhadap nilai aktiva bersih reksadana syariah di Indonesia. Kata kunci: inflasi, nilai tukar rupiah (Kurs) suku bunga bank indonesia (BI Rate) harga emas dan nilai aktiva bersih (NAB) reksadana syariah.
Danu Prasetyo Widiyanto Widiyanto
168892702
REKSADANA SYARIAH VS REKSADANA KONVENSIONAL: ANALISIS PERTUMBUHAN DAN PERKEMBANGAN TAHUN 2010 2016
Penelitian ini bertujuan untuk membandingkan perkembangan reksadana syariah dengan reksadana konvensional. Perbandingan perkembangan kedua reksadana ini dilihat dari perbandingan jumlah reksadana setiap tahunnya dan perbandingan Nilai Asset Bersih. Dari perbandingan perkembangan reksadana diperoleh hasil penelitian bahwa perkembangan jumlah reksadana syariah setiap tahun sangat stabil tetapi masih jauh tertinggal dari jumlah reksadana konvensional. Dilihat dari perbandingan NAB yang diperoleh, perbandingan NAB reksadana syariah juga masih jauh lebih kecil dari pada NAB reksadana konvensional.
JURNAL AL IQTISHAD
Putriana Putriana Putriana
225127200
INVESTASI PADA REKSADANA SYARIAH DI INDONESIA
This article has the purpose to explain and analyze sharia investment activities in Indonesia. Investment has become one of the most popular economic activities in several developed countries, so far it has been common in developing countries, such as Indonesia. Islamic mutual fund is an interesting activity for people who will invest their wealth on the trading floor in accordance with sharia rules. As Sharia mutual funds are a means or container used to collect funds from the public which will then be invested in a portfolio of securities that is assisted by the investment manager. In this case, the securities portfolio can be in the form of money market instruments, stocks, bonds, or a combination of several forms of them. The operational mechanism in sharia mutual funds consists of two channels, first, the contract between the capital owner and the investment manager is implemented with a wakalah system. Secondly, investment managers and investment users are held in a mudharabah agreement. The basic principle in sharia mutual funds is the mudharabah or qiradh principle, which means an activity in which the capital owner gives a portion of his property to others who are competent to be further managed with the provision that the profits to be obtained from the management results are divided according to the conditions that have been agreed by both parties in advance. Keywords: investment, Islamic mutual funds.
Dery Ariswanto
226177613
FAKTOR INTERNAL YANG BERPENGARUH TERHADAP KINERJA REKSADANA SYARIAH DI INDONESIA PERIODE 2014 20171)
This study aims to determine the effect of fund size, expense ratio and turnover ratio. The data used in this research is the net asset value data and shariah mutual fund prospectus of 4 shariah equity funds for the period 2014 2017. This study describes using multiple linear regression test to prove the relationship between exogenous and endogenous variables. The result of the test shows that partially fund size and positive effect is not significant on the performance of Islamic stock mutual funds, the expense ratio has no significant negative effect on the performance of Islamic equity mutual funds, while the turnover ratio has a significant positive effect on the performance of sharia mutual funds. While simultaneously fund size, expense ratio and turnover ratio have a significant influence with the coefficient of determination of 25,06% while the remaining 74,94% influenced by other variables not included in this study.
Farah Faadilah Puji Sucia Sukmaningrum
229427587
Mengukur Tingkat Determinasi Variabel Makroekonomi Terhadap Kinerja Reksadana Syariah Menggunakan Error Correction Model
At present, investment is considered important in line with the uncertainty of global economic conditions. The public is required to be creative in financial management. Among them is by investing in Islamic mutual funds. This study aims to analyze the short term and long term effects of Bank Indonesia interest rates, exchange rates and inflation on the performance of Islamic mutual funds in Indonesia using the Error Correction Model. The results show that in the short term and long term periods simultaneously, all variables (Bank Indonesia interest rates, exchange rates and inflation) significantly influence the performance of Islamic mutual funds in Indonesia. In the short term period, the exchange rate and inflation partially have a positive and insignificant effect, while Bank Indonesia interest rates have a negative and no significant effect on the performance of Islamic mutual funds. In the long term period, the exchange rate and inflation partially have a positive and significant effect, while Bank Indonesia interest rates have a negative and significant effect on the performance of sharia mutual funds.
Yudhistira Ardana Etty Puji Lestari Suhartono PPKn Suhartono
229443065
PENGARUH SAHAM SYARIAH SUKUK DAN REKSADANA SYARIAH TERHADAP PERTUMBUHAN EKONOMI NASIONAL TAHUN 2015 2019
This research is motivated by a phenomenon that the Islamic finance industry, especially the Islamic capital market instruments that Sharia stocks, Islamic Bonds and Islamic mutual funds is growing very rapidly so, it has possion in the development of the real sector and the production Activity of a country's goods and services. In this case the researchers attributed the influence of Islamic stocks, Islamic Bonds and Islamic mutual funds to national economic growth. The purpose of this study was to describe the influence of Islamic stocks, Islamic Bonds and Islamic mutual funds to national economic growth and how significant the influence. This Type of Research uses a quantitative approach with data collection techniques such ovservation and documentation. Data analysis method used is an associative method thats aims to Find out The relationship between Two or More variables sap That a theory can De built Thar serves to explain And Control a phenomenon. The results of The analysis show that Islamic stock and Islamic Mutual Fund have no significant positive effect on National Economic growth, while Islamic Bond has positive and significant effect on National Economic growth.
Fahrul Zaman
226056940
ANALISIS PENGARUH INFLASI, NILAI TUKAR (KURS)DAN BI RATE TERHADAP NILAI AKTIVA BERSIH REKSADANA SYARIAH SAHAM DALAM PERSPEKTIF EKONOMI ISLAM PERIODE 2008 2017
Riza Andesta
225637315
STABILITAS KINERJA REKSADANA SYARIAH DALAM MENGHADAPI GEJOLAK MAKRO EKONOMI
Islamic mutual funds as one of the financial investment products in Indonesia experienced rapid development in the last 5 years. Several studies have shown that the performance of a financial investment product is influenced by the macroeconomic conditions of a country. The purpose of this study is to determine the causality relationship and response of the performance of Islamic mutual funds in Indonesia when macroeconomic variables are simulated in an unstable state with an analytical approach using the Vector Error Correction Model (VECM) Observations in this study were made monthly from 2015 2019. The dependent variable in this study is the Net Asset Value (NAV) of Sharia Mutual Funds as a reference to the performance of Sharia Mutual Funds in Indonesia, while the macroeconomic variable as an independent variable consists of the money supply, inflation, central bank interest rates, the rupiah exchange rate, and stock indexes sharia in Indonesia. The results of this study note that simultaneous macroeconomic variables in Indonesia affect the performance of Sharia Mutual Funds in Indonesia.
Mohamad Rahmawan Arifin Muhammad Alan Nur
225243250
Implementasi Pembagian Keuntungan Investor Reksadana Syariah Ditinjau Dari Undang undang Pasar Modal dan Tanggungjawab Manajer Investasi Reksadana Terhadap investor yang Tidak Mendapat Pembagian Keuntungan Dihubungkan Dengan Prinsip Syariah
Abstarct. Funds in Indonesia in 2019 experienced a significant increase, so many companies are emerging to move in the field of funds. Mutual fund is one of the investment instruments that is currently developing, along with the development of the capital market in Indonesia. In its development, some of the funds began to apply sharia principles in carrying out its business strategy. Profit sharing is one of the key points in sharia funds that have been shared with investment managers in contractual agreements. Arrangements regarding mutual funds are governed by law No. 8 of 1995 on the capital market, and regarding sharia funds is specifically stipulated in the Fatwa DSN MUI No. 20/DSN MUI/IV/2001 on the investment implementation guideline for sharia funds. The investment manager regulates where the investor's money will be invested and the share of profit to be gained by the investor. However, there are some unprofessional investment managers, who do not pay the profit of investment returns to the investors so as to give rise to the detriment of investors. Therefore, the research aims to find out what are the rights of Sharia fund investors and how the investment managers responsibilities to the share of Islamic funds investor benefits. This study uses a normative juridical method of approach. A normative juridical approach is used to analyse a variety of applicable legal regulations. And is an analytical descriptist. The results of this study concluded that the Sharia fund investor must obtain its rights pursuant to those stipulated in article 3 and article 11 of the figure 1, 4, 5 fatwa DSN MUI No. 20/DSN MUI/IV/2001 on the Guidelines of investment implementation for sharia funds, and the responsibility of the investment manager is governed by article 5 of the Fatwa DSN MUI No. 20/DSN MUI/IV/2001 on the Guidelines for the investment implementation for sharia funds. Keywords Sharia Mutual Fund, Investor's Rights, and Investment Manager's Responsibilities. Abstrak. Reksadana di Indonesia pada tahun 2019 mengalami peningkatan yang cukup signifikan, sehingga banyak perusahaan yang bermunculan untuk bergerak di bidang reksadana. Reksadana merupakan salah satu instrumen investasi yang saat ini sedang berkembang, seiring dengan perkembangan pasar modal di Indonesia. Pada perkembangannya, sebagian reksadana mulai menerapkan prinsip syariah dalam menjalankan strategi bisnisnya. Pembagian keuntungan menjadi salah satu point penting dalam reksadana syariah yang telah disepekati dengan manajer investasi dalam kontrak perjanjian. Pengaturan mengenai reksadana diatur dalam Undang Undang No.8 tahun 1995 tentang Pasar modal, dan mengenai reksadana syariah diatur secara spesifik di dalam Fatwa DSN MUI No.20/DSN MUI/IV/2001 tentang Pedoman Pelakasanaan Investasi untuk Reksadana Syariah. Manajer investasi mengatur mengenai kemana uang investor akan diinvestasikan dan pembagian keuntungan yang akan di peroleh oleh investor. Namun, ada beberapa oknum manajer investasi yang tidak profesional, yaitu yang tidak membayarkan keuntungan hasil investasi kepada investor sehingga menimbulkan wanprestasi yang merugikan investor. Oleh karena itu penelitian ini bertujuan untuk mengetahui apa saja hak investor reksadana syariah dan bagaimana tanggungjawab manajer investasi terhadap pembagian keuntungan investor reksadana syariah. Penelitian ini menggunakan metode pendekatan yuridis normatif. Pendekatan yuridis normatif digunakan untuk menganalisis berbagai peraturan undang undang yang berlaku. Dan bersifat deskriptis analitis. Hasil dari penelitian ini menyimpulkan bahwa investor reksadana syariah harus mendapatkan haknya sesuai dengan yang diatur dalam Pasal 3 dan Pasal 11 angka 1,4,5 fatwa DSN MUI No.20/DSN MUI/IV/2001 tentang pedoman pelaksanaan investasi untuk reksadana syariah, dan tanggung jawab manajer investasi diatur dalam Pasal 5 fatwa DSN MUI No.20/DSN MUI/IV/2001 tentang pedoman pelaksanaan investasi untuk reksadana syariah. Kata Kunci Reksadana Syariah, Hak Investor, dan Tanggungjawab Manajer Investasi.
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