Research Article
The Study Of Islamic Fund Performance In Indonesia: A Meta Analysis
@INPROCEEDINGS{10.4108/eai.8-10-2018.2288734, author={Eky Ermal M and Vina Arnita and Widyana Verawaty Siregar and Hazmanan Khair Pasaribu}, title={The Study Of Islamic Fund Performance In Indonesia: A Meta Analysis }, proceedings={Proceedings of the 1st International Conference on Economics, Management, Accounting and Business, ICEMAB 2018, 8-9 October 2018, Medan, North Sumatra, Indonesia}, publisher={EAI}, proceedings_a={ICEMAB}, year={2019}, month={10}, keywords={islamic index jakarta islamic index performance indonesian stock exchange}, doi={10.4108/eai.8-10-2018.2288734} }- Eky Ermal M
Vina Arnita
Widyana Verawaty Siregar
Hazmanan Khair Pasaribu
Year: 2019
The Study Of Islamic Fund Performance In Indonesia: A Meta Analysis
ICEMAB
EAI
DOI: 10.4108/eai.8-10-2018.2288734
Abstract
This paper focuses on risk-return performance analysis, comparative between Islamic funds and indices against their conventional benchmark. This study do not show the empirical result study, on the other hand this study simply evaluate the performance of Islamic fund in Indonesia using analysis of Islamic paper in Indonesia. Following international result, the objective of this study is to know the performance Islamic investment risk-return profile and risk adjusted return measures whether Islamic funds outperform, underperform, or similar performance against the conventional benchmark. This perspectives study showed inconsistency results while some evidences analyzed in Indonesia do not supporting the portfolio theory. The stakeholder might be able to be selecting their consideration of investment decision by using the meta analysis of this study. Therefore, from this conceptual paper the Indonesian perspective of Islamic index describes performance different than conventional benchmarking.
