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DISRUPTION OF MACROECONOMICS ON ISLAMIC MUTUAL FUND Jayaprawira, Acep Riana; Saiful, Saiful
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 5 No 1 (2021): Edisi Januari - April 2021
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (74.736 KB) | DOI: 10.31955/mea.v5i1.1859

Abstract

This study intends to investigate the disturbance of the cash supply, rupiah swapping scale, expansion, and Islamic Certificate of Bank Indonesia to the Net Asset Value of Islamic Mutual Funds. This examination is led by work area study by means of diary, book, and web media. Philosophy utilizes quantitative examination with the Vector Auto Regression/Vector Error Correction Model (VAR/VECM) research technique. The consequences of study shows that in the long haul, all factors impact Islamic common assets aside from the SBIS variable. In the aftereffects of the IRF test, in the event that there is a shock to the cash supply variable, the rupiah conversion scale, expansion, and SBIS, Islamic shared assets will react in a fluctuating way. The aftereffect of FEVD shows that the rupiah swapping scale variable has the biggest commitment to common assets on Islamic premise.
Investigating Institutional Investors' Behaviours toward Cash Waqf Linked Sukuk (CWLS) using DTPB Nurhaida, Dida; Jasfar, Farida; Ismal, Rifki; Jayaprawira, Acep Riana
International Journal of Islamic Economics and Finance (IJIEF) Vol 6, No 2 (2023): IJIEF Vol 6 (2), July 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v6i2.16950

Abstract

Cash Waqf Linked Sukuk (CWLS) is a newly developed social investment instrument to stimulate Indonesia's productive waqf movement. CWLS has numerous commercial and social benefits and worship values. However, despite these advantages, it takes a long time for CWLS to collect funds due to various challenges and inadequate investors' response rate, which is still far from expectation. Thus, this study looks into the contributing factors and antecedence that entail and determine the decision of an institutional investor to invest. The theoretical framework applied the decomposed theory of planned behavior (DTPB). Additionally, it highlights a new perspective by delivering the specific determinants that impact investors' attitudes, moral norms, and perceived behavior control. These factors offer a deep understanding of the association and determine their definite effects on intentions. Based on a survey of 250 respondents, analyzed using partial least squares – structural equation modeling (PLS-SEM), it was found that the proposed hypotheses were accepted. Above all, the important finding is the contribution of attitude as the dominant determinant impacting the investor's intention. It was mainly driven by perceived Ihsan as part of the Muslim religiosity dimension reflecting the spirit to do good. This study's findings provide deeper insight into untested behavior literature. This study will also benefit policymakers, academicians, and future researchers.