The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar
This study is to analyze the relationship between macroeconomic variables towards Islamic stock market in Malaysia. The purpose of this study is to observe this relationship in Malaysian context. In order to achieve the objective, an estimation of E-views is used to run and test the regression analy...
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| Format: | Student Project |
| Language: | English |
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Faculty of Business and Management
2017
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| Online Access: | https://ir.uitm.edu.my/id/eprint/17284/ |
| _version_ | 1848804230398214144 |
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| author | Ali Mokhtar, Nurul Ain |
| author_facet | Ali Mokhtar, Nurul Ain |
| author_sort | Ali Mokhtar, Nurul Ain |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | This study is to analyze the relationship between macroeconomic variables towards Islamic stock market in Malaysia. The purpose of this study is to observe this relationship in Malaysian context. In order to achieve the objective, an estimation of E-views is used to run and test the regression analysis for this study. The variables used are FBM Emas Shariah Index (FTSE) as the proxy for Islamic stock market, Composite Price Index (CPI) as the proxy for inflation rate, Industrial Production Index (IPI) as the proxy for gross domestic product and Financial Aggregate Supply (M3) as the proxy for money supply. This study used quarterly data from first quarter of 2009 until second quarter of 2016 taken from authorized sources. The findings showed that Islamic stock market volatility is co-integrated with the selected macroeconomic variables in which FTSE is related positively and significantly with IPI, CPI and M3. |
| first_indexed | 2025-11-14T21:51:50Z |
| format | Student Project |
| id | uitm-17284 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:51:50Z |
| publishDate | 2017 |
| publisher | Faculty of Business and Management |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-172842019-04-19T03:18:19Z https://ir.uitm.edu.my/id/eprint/17284/ The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar Ali Mokhtar, Nurul Ain This study is to analyze the relationship between macroeconomic variables towards Islamic stock market in Malaysia. The purpose of this study is to observe this relationship in Malaysian context. In order to achieve the objective, an estimation of E-views is used to run and test the regression analysis for this study. The variables used are FBM Emas Shariah Index (FTSE) as the proxy for Islamic stock market, Composite Price Index (CPI) as the proxy for inflation rate, Industrial Production Index (IPI) as the proxy for gross domestic product and Financial Aggregate Supply (M3) as the proxy for money supply. This study used quarterly data from first quarter of 2009 until second quarter of 2016 taken from authorized sources. The findings showed that Islamic stock market volatility is co-integrated with the selected macroeconomic variables in which FTSE is related positively and significantly with IPI, CPI and M3. Faculty of Business and Management 2017 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/17284/2/PPb_NURUL%20AIN%20ALI%20MOKHTAR%20BM%2017_5.pdf Ali Mokhtar, Nurul Ain (2017) The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar. (2017) [Student Project] <http://terminalib.uitm.edu.my/17284.pdf> (Unpublished) |
| spellingShingle | Ali Mokhtar, Nurul Ain The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar |
| title | The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar |
| title_full | The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar |
| title_fullStr | The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar |
| title_full_unstemmed | The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar |
| title_short | The relationship between macroeconomic variables towards Islamic stock market in Malaysia / Nurul Ain Ali Mokhtar |
| title_sort | relationship between macroeconomic variables towards islamic stock market in malaysia / nurul ain ali mokhtar |
| url | https://ir.uitm.edu.my/id/eprint/17284/ |