A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman

Shariah Index is a type of index that consist of stocks that are Shariah-compliant. It means that the stock is from company that follow the Islamic law which is Shariah law. It includes in prohibition of non-halal product such as pork and tobacco and also non-halal activities such as gambling. This...

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Main Author:	Rokman, Muhammad Hafizuddin
Format:	Student Project
Language:	English
Published:	Faculty of Business and Management 2011
Subjects:	Macroeconomics Finance, Islamic
Online Access:	http://ir.uitm.edu.my/id/eprint/25647/ http://ir.uitm.edu.my/id/eprint/25647/1/PPb_MUHAMMAD%20HAFIZUDDIN%20ROKMAN%20BM%20M%2011_5.pdf

id	uitm-25647
recordtype	eprints
spelling	uitm-256472019-12-06T02:53:34Z http://ir.uitm.edu.my/id/eprint/25647/ A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman Rokman, Muhammad Hafizuddin Macroeconomics Finance, Islamic Shariah Index is a type of index that consist of stocks that are Shariah-compliant. It means that the stock is from company that follow the Islamic law which is Shariah law. It includes in prohibition of non-halal product such as pork and tobacco and also non-halal activities such as gambling. This study tries to discover the relationship between interest rates, exchange rates and inflation rates with Shariah Index in India which is FTSE Shariah India Index. Multiple Linear Regression model is applied on the monthly data of those macroeconomic variables and Shariah index for three years period which is from January 2008 to December 2010. The results shows that all the macroeconomic variables has significant effect with the Shariah index in India. In addition, the findings also shows that only inflation rates has positive relationship on the Shariah Index in India while the other two has negative relationship. Faculty of Business and Management 2011 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/25647/1/PPb_MUHAMMAD%20HAFIZUDDIN%20ROKMAN%20BM%20M%2011_5.pdf Rokman, Muhammad Hafizuddin (2011) A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Macroeconomics Finance, Islamic
spellingShingle	Macroeconomics Finance, Islamic Rokman, Muhammad Hafizuddin A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman
description	Shariah Index is a type of index that consist of stocks that are Shariah-compliant. It means that the stock is from company that follow the Islamic law which is Shariah law. It includes in prohibition of non-halal product such as pork and tobacco and also non-halal activities such as gambling. This study tries to discover the relationship between interest rates, exchange rates and inflation rates with Shariah Index in India which is FTSE Shariah India Index. Multiple Linear Regression model is applied on the monthly data of those macroeconomic variables and Shariah index for three years period which is from January 2008 to December 2010. The results shows that all the macroeconomic variables has significant effect with the Shariah index in India. In addition, the findings also shows that only inflation rates has positive relationship on the Shariah Index in India while the other two has negative relationship.
format	Student Project
author	Rokman, Muhammad Hafizuddin
author_facet	Rokman, Muhammad Hafizuddin
author_sort	Rokman, Muhammad Hafizuddin
title	A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman
title_short	A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman
title_full	A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman
title_fullStr	A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman
title_full_unstemmed	A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman
title_sort	study of macroeconomic variables that effects shariah index in india / muhammad hafizuddin rokman
publisher	Faculty of Business and Management
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/25647/ http://ir.uitm.edu.my/id/eprint/25647/1/PPb_MUHAMMAD%20HAFIZUDDIN%20ROKMAN%20BM%20M%2011_5.pdf
first_indexed	2023-09-18T23:15:10Z
last_indexed	2023-09-18T23:15:10Z
_version_	1777419063591436288

A study of macroeconomic variables that effects Shariah Index in India / Muhammad Hafizuddin Rokman

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