Pengaruh Inflasi, Sertifikat Bank Indonesia Syariah (SBIS), Indeks Harga Saham Gabungan (IHSG) dan Nilai Tukar Rupiah terhadap Nilai Aktiva Bersih (NAB) Reksadana Syariah
ABSTRAK
PENGARUH INFLASI, SERTIFIKAT BANK INDONESIA SYARIAH (SBIS),
INDEKS HARGA SAHAM GABUNGAN (IHSG), DAN
NILAI TUKAR RUPIAH TERHADAP NILAI AKTIVA
BERSIH (NAB) REKSADANA SYARIAH
PERIODE 2011 - 2014
Penelitian ini bertujuan untuk mengetahui pengaruh inflasi, sertifikat bank
indonesia syariah (sbis), indeks harga saham gabungan (ihsg) dan nilai tukar
rupiah terhadap nilai aktiva bersih (nab) reksadana syariah. Sampel terdiri dari 4
reksadana syariah yang terdaftar di bapepam selama kurun waktu empat tahun
dimulai dari periode 2011 – 2014 dengan menggunakan metode purposive
sampling. Data diolah dengan spss versi 19 menggunakan metode analisis regresi
linier berganda yang secara parsial diperoleh bahwa inflasi, sertifikat bank
indonesia syariah (sbis) dan nilai tukar rupiah mempunyai pengaruh terhadap nilai
aktiva bersih (nab) reksadana syariah. Sementara indeks harga saham gabungan
(ihsg) tidak mempunyai pengaruh terhadap nilai aktiva bersih (nab) reksadana
syariah. Sementara itu berdasarkan hasil uji simultan diperoleh bahwa inflasi,
sertifikat bank indonesia syariah (sbis), indeks harga saham gabungan (ihsg) dan
nilai tukar rupiah secara simultan mempunyai pengaruh yang signifikan terhadap
nilai aktiva bersih (nab) reksadana syariah.
Kata Kunci : Nilai Aktiva Bersih (NAB) Reksadana Syariah, Inflasi, Sertifikat
Bank Indonesia Syariah (SBIS), Indeks Harga Saham Gabungan (IHSG) dan Nilai
Tukar Rupiah.
ii
Universitas Sumatera Utara
ABSTRACT
EFFECT OF INFLATION, SHARIA INDONESIAN BANK CERTIFICATE
(SBIS), STOCK PRICE INDEX (IHSG) AND EXCHANGE RATE, ON
THE NET ASSET VALUE (NAV) OF ISLAMIC MUTUAL FUND
PERIOD 2011-2014
This study aims to determine the effect of inflation, sharia indonesian bank
certificate (sbis), stock price index (ihsg) and exchange rate on the net asset value
(nav) of islamic mutual fund Period 2011-2014. The sample consisted of four
Islamic mutual funds registered with Bapepam for a period of four years starting
from the period 2011-2014 for a period of four years starting from the period
2011-2014 by using purposive sampling method . The data were processed with
SPSS version 19, using multiple linear regression analysis were partially obtained
that inflation, sharia indonesian bank certificate (sbis), and exchange rate on the
on The net asset value (nav) of islamic mutual fund. While stock price index
(ihsg) has no effect on the net asset value (nav) of islamic mutual fund. Based on
the result of simultaneously test showed that inflation, sharia indonesian bank
certificate (sbis), stock price index (ihsg) and exchange rate simultaneously have
significant influence on the net asset value (nav) of islamic mutual fund.
Keywords : Net asset value (nav) of islamic mutual fund, inflation, sharia
indonesian bank certificate (sbis), stock price index (ihsg) and exchange rate
iii
Universitas Sumatera Utara
PENGARUH INFLASI, SERTIFIKAT BANK INDONESIA SYARIAH (SBIS),
INDEKS HARGA SAHAM GABUNGAN (IHSG), DAN
NILAI TUKAR RUPIAH TERHADAP NILAI AKTIVA
BERSIH (NAB) REKSADANA SYARIAH
PERIODE 2011 - 2014
Penelitian ini bertujuan untuk mengetahui pengaruh inflasi, sertifikat bank
indonesia syariah (sbis), indeks harga saham gabungan (ihsg) dan nilai tukar
rupiah terhadap nilai aktiva bersih (nab) reksadana syariah. Sampel terdiri dari 4
reksadana syariah yang terdaftar di bapepam selama kurun waktu empat tahun
dimulai dari periode 2011 – 2014 dengan menggunakan metode purposive
sampling. Data diolah dengan spss versi 19 menggunakan metode analisis regresi
linier berganda yang secara parsial diperoleh bahwa inflasi, sertifikat bank
indonesia syariah (sbis) dan nilai tukar rupiah mempunyai pengaruh terhadap nilai
aktiva bersih (nab) reksadana syariah. Sementara indeks harga saham gabungan
(ihsg) tidak mempunyai pengaruh terhadap nilai aktiva bersih (nab) reksadana
syariah. Sementara itu berdasarkan hasil uji simultan diperoleh bahwa inflasi,
sertifikat bank indonesia syariah (sbis), indeks harga saham gabungan (ihsg) dan
nilai tukar rupiah secara simultan mempunyai pengaruh yang signifikan terhadap
nilai aktiva bersih (nab) reksadana syariah.
Kata Kunci : Nilai Aktiva Bersih (NAB) Reksadana Syariah, Inflasi, Sertifikat
Bank Indonesia Syariah (SBIS), Indeks Harga Saham Gabungan (IHSG) dan Nilai
Tukar Rupiah.
ii
Universitas Sumatera Utara
ABSTRACT
EFFECT OF INFLATION, SHARIA INDONESIAN BANK CERTIFICATE
(SBIS), STOCK PRICE INDEX (IHSG) AND EXCHANGE RATE, ON
THE NET ASSET VALUE (NAV) OF ISLAMIC MUTUAL FUND
PERIOD 2011-2014
This study aims to determine the effect of inflation, sharia indonesian bank
certificate (sbis), stock price index (ihsg) and exchange rate on the net asset value
(nav) of islamic mutual fund Period 2011-2014. The sample consisted of four
Islamic mutual funds registered with Bapepam for a period of four years starting
from the period 2011-2014 for a period of four years starting from the period
2011-2014 by using purposive sampling method . The data were processed with
SPSS version 19, using multiple linear regression analysis were partially obtained
that inflation, sharia indonesian bank certificate (sbis), and exchange rate on the
on The net asset value (nav) of islamic mutual fund. While stock price index
(ihsg) has no effect on the net asset value (nav) of islamic mutual fund. Based on
the result of simultaneously test showed that inflation, sharia indonesian bank
certificate (sbis), stock price index (ihsg) and exchange rate simultaneously have
significant influence on the net asset value (nav) of islamic mutual fund.
Keywords : Net asset value (nav) of islamic mutual fund, inflation, sharia
indonesian bank certificate (sbis), stock price index (ihsg) and exchange rate
iii
Universitas Sumatera Utara