ANALISIS KOMPARATIF KINERJA REKSA DANA SYARIAH DI ARAB SAUDI, MALAYSIA, DAN INDONESIA TAHUN 2018-2020

Adelia Puspa, - (2022) ANALISIS KOMPARATIF KINERJA REKSA DANA SYARIAH DI ARAB SAUDI, MALAYSIA, DAN INDONESIA TAHUN 2018-2020. S1 thesis, Universitas Pendidikan Indonesia.

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Abstract

Reksa dana syariah merupakan salah satu jenis instrumen investasi di pasar modal syariah yang paling diminati saat ini. Reksa dana syariah memiliki market share sebesar 5% atau setara dengan USD 178 milliar dengan jumlah institusi sebanyak 1.698. Arab Saudi berada pada posisi pertama dengan total aset reksa dana syariah sebesar USD 53 milliar, kemudian dilanjut Malaysia berada pada posisi ketiga dengan total aset reksa dana syariah sebesar USD 38 milliar. Sementara Indonesia berada pada posisi ke enam dengan total aset reksa dana syariah sebesar USD 3 milliar. Adapun tujuan penelitian ini yaitu untuk menganalisis perbandingan kinerja reksa dana syariah di Arab Saudi, Malaysia, dan Indonesia pada tahun 2018-2020. Metode yang digunakan dalam penelitian ini adalah deskriptif komparatif dengan pendekatan kuantitatif. Dalam penelitian ini menggunakan teknik purposive sampling dengan jumlah sampel sebanyak 69 produk reksa dana syariah, di antaranya 15 produk reksa dana syariah pasar uang, 15 produk reksa dana syariah pendapatan tetap, 21 produk reksa dana syariah saham, dan 18 produk reksa dana syariah campuran. Selain itu, kinerja reksa dana syariah diukur dengan menggunakan model Sharpe ratio. Adapun hasil penelitian menunjukkan bahwa reksa dana syariah pasar uang dan pendapatan tetap di Indonesia lebih unggul dibandingkan Malaysia dan Arab Saudi. Sedangkan untuk reksa dana syariah saham dan campuran di Arab Saudi lebih unggul dibandingkan Indonesia dan Malaysia. Dengan demikian kinerja yang dihasilkan reksa dana syariah dapat menjadi salah satu pertimbangan bagi para investor dalam memilih jenis reksa dana syariah dengan menyesuaikan keadaan ekonomi suatu negara. Selain itu, investor dapat memilih produk reksa dana syariah yang dikelola oleh manajer investasi berdasarkan pada tingkat return dan risiko yang dimiliki. Kata Kunci: pasar modal syariah, kinerja reksa dana syariah, Sharpe ratio Islamic mutual funds are one of the most popular types of investment instruments in the Islamic capital market today. Islamic mutual funds have a market share of 5% or equivalent to USD 178 billion with a total of 1.698 institutions. Saudi Arabia is in the first position with a total Islamic mutual fund assets of USD 53 billion. Malaysia is in the third position with a total Islamic mutual fund assets of USD 38 billion. Meanwhile, Indonesia is in the sixth position with total Islamic mutual fund assets of USD 3 billion. The purpose of this study was to compare performance of Islamic mutual funds in Saudi Arabia, Malaysia, and Indonesia in 2018-2020. The method used in this research was comparative descriptive method with quantitative approach. This study used the purposive sampling technique with a total sample of 69 Islamic mutual fund products, including 15 money market Islamic mutual fund products, 15 fixed income Islamic mutual fund products, 21 Islamic stock mutual fund products, and 18 mixed Islamic mutual fund products. In addition, the performance of Islamic mutual funds was measured using the Sharpe ratio model. The results of the study showed that the Islamic money market and fixed income mutual funds in Indonesia were superior to those of Malaysia and Saudi Arabia. Those of meanwhile, share and mixed Islamic mutual funds in Saudi Arabia were superior to Indonesia and Malaysia. Thus the performance of the Islamic mutual funds may serve one of the considerations aspects to consider by investors in select the type of Islamic mutual funds taking into consideration the economic conditions of a country. In addition, investors can choose Islamic mutual fund products managed by investment managers based on the levels of return and risk the product have. Keywords: Islamic capital market, performance of Islamic mutual funds, Sharpe ratio

Item Type:	Thesis (S1)
Uncontrolled Keywords:	pasar modal syariah, kinerja reksa dana syariah, sharpe ratio
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc H Social Sciences > HB Economic Theory L Education > L Education (General)
Divisions:	Fakultas Pendidikan Ekonomi dan Bisnis > Ilmu Ekonomi dan Keuangan Islam
Depositing User:	Adelia Puspa
Date Deposited:	17 Oct 2022 08:11
Last Modified:	17 Oct 2022 08:11
URI:	http://repository.upi.edu/id/eprint/84529

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