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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...

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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/25491/1/PPb_MOHD%20NUR%20RIDHWAN%20MUSA%20BM%20M%2011_5.pdf
http://ir.uitm.edu.my/id/eprint/25491/
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spelling my.uitm.ir.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)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
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/25491/1/PPb_MOHD%20NUR%20RIDHWAN%20MUSA%20BM%20M%2011_5.pdf
http://ir.uitm.edu.my/id/eprint/25491/
_version_ 1685650005246869504
score 13.211869

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