Ningrum Khairani
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PERBANDINGAN KINERJA REKSA DANA SYARIAH DAN REKSA DANA KONVENSIONAL Ratnawati, Vince; Khairani, Ningrum
Jurnal Akuntansi (Media Riset Akuntansi & Keuangan) Vol 1, No 1 (2012)
Publisher : Jurnal Akuntansi (Media Riset Akuntansi & Keuangan)

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Abstract

his study aims to find out about 1) The performance difference Islamic mutual funds andconventional mutual funds (in terms of return and risk), 2) The difference in theperformance of Islamic and conventional mutual funds (dilihhat of Sharpe and TreynorIndex index), 3) The difference in the performance of mutual funds Islamic and conventional(as seen from Jensen Alpha). The method used in this research is descriptive method ofcomparative study of the samples determined researcher from January 2006 to December2009. The research sample is a type of fixed income funds and konvensinal sharia and Islamicmutual funds and conventional mix. Hypothesis testing is performed using different testindependent sample t-test to determine whether the two mutual funds significantly differentor not. Tool of statistical test used was the program Statistical Product and Service Solutions(SPSS) ver. 17.0 for Windows and Microsoft Excel 2007, while the data used in the form ofdata on Net Asset Value per Unit of Participation (NAV / Unit), Jakarta Islamic Index (JII)and LQ45 Index and the data rate of Bank Indonesia Certificates (SBI) and CertificateWadiah BankIndonesia (SWBI) monthly period 2006-2009. The results showed that theperformance of mutual funds, both Islamic and conventional are different, but notsignificantly. This has become one of the economic development of evidence sharia inIndonesia, particularly in the capital markets and an encouraging performance againstperlaku Islamic economics. In the business performance of Islamic mutual funds is no lessfavorable to conventional mutual funds, and religus more accountable, for carrying out aseries of processes in accordance with the principles of Shariah.Keywords: Performance, mutual funds, risk and return, Sharpe index, Treynor index, JensenAlpha
REKSA DANA SYARIAH DAN KONVENSIONAL: SEBUAH STUDI KOMPARATIF (Studi Empiris pada Reksa Dana yang terdaftar di BEI) Susilatri '; Vince Ratnawati; Ningrum Khairani
PEKBIS Vol 6, No 1 (2014)
Publisher : Program Studi Pendidikan Ekonomi Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (124.122 KB) | DOI: 10.31258/pekbis.6.1.26-36

Abstract

Penelitian ini bertujuan untuk menguji perbedaan kinerja reksa dana syariah danreksa dana konvensional (dilihat dari return dan risiko, Sharpe Indeks dan TreynorIndeks serta dari Jensen Alpha). Populasi penelitian ini adalah reksa dana syariahdan konvensional yang listing di Bursa Efek Indonesia. Sampel penelitian adalahjenis reksa dana pendapatan tetap syariah maupun konvensinal dan reksa danacampuran syariah maupun konvensional selama periode 2006 sampai 2009.Pengujian hipotesis menggunakan uji beda independent sample t-test denganmenggunakan program Statistical Product and Service Solution (SPSS) ver. 17.0sedangkan data yang digunakan adalah Nilai Aktiva Bersih per Unit Penyertaan(NAB/Unit), Jakarta Islamic Index (JII) dan Indeks LQ45 serta data suku bungaSertifikat Bank Indonesia (SBI) dan Sertifikat Wadiah Bank Indonesia (SWBI)bulanan periode 2006-2009.Hasil penelitian menunjukkan bahwa kinerja reksa danasyariah dan konvensional memang berbeda, namun tidak signifikan. Secara bisniskinerja reksa dana syariah tidak kalah menguntungkan dengan reksa danakonvensional, dan secara religius lebih dapat dipertanggungjawabkan, karenasesuai dengan prinsip-prinsip syariahKata kunci: Kinerja,reksa dana, risk dan return, sharpe indeks, treynor indeks,Jensen Alpha.