Iskandar Zulkarnain
Management Study Program, Faculty of Economics and Business, Muhammadiyah University of Jakarta

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THE EFFECT OF INFLATION, EXCHANGE, BI RATE ON NET ASSET VALUE (NAV) SHARIA MUTUAL FUNDS IN INDONESIA PERIOD 2016-2020 Iskandar Zulkarnain; Reza Pahlevy; Miliater Marpaung
PENANOMICS: International Journal of Economics Vol. 1 No. 2 (2022): August
Publisher : Yayasan Pusat Cendekiawan Intelektual Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (244.282 KB) | DOI: 10.56107/penanomics.v1i2.28

Abstract

Abstract The purpose of this study is to determine the effect of inflation, exchange rate and the BI Rate on the Net Asset Value (NAV) of Islamic Mutual Funds in Indonesia (period 2012-2017). This type of research is a quantitative approach with Time Series data. Tests in this study using the help of IBM SPSS Statistics 22.0 software. The type of data in this study is secondary data obtained from documentation in the form of books, journals, theses, internet and literature studies.Then tested using the Classical Assumption Test and Multiple Regression. The data analysis technique used t test in hypothesis testing. The results of this study indicate that each independent variable, namely Inflation, Exchange Rate, and BI Rate has a different effect on the dependent variable, namely Net Asset Value of Sharia Mutual Funds.Based on the test results the coefficient of determination (R-Square) is 0.234 (23.4%).