Authors:
Dina Fitrisia Septiarini
and
Dian Fillianti
Affiliation:
Islamic Economics Departement, Airlangga University, Surabaya and Indonesia, Indonesia
Keyword(s):
Investment, Islamic Stock, Kruskal-Wallis Test.
Abstract:
Investment is owning one or more assets and usually long term with the hope of gaining profit in the future. The return earned must be proportional to the risk of losses on assets. That is, the higher the risk of assets the higher the expected return of the asset. The purpose of this study is to determine the difference of rate of risk on Islamic stock, Islamic mutual fund, sukuk, 3 months of mudharabah deposit, gold, and property period 2008-2016. It uses quantitative approach by using Kruskal-Wallis test. The sample collecting method used is purposive sampling. This study used secondary data that was collected from official websites of Indonesia Stock Exchange, PT BNP Paribas, Indosat Ooredoo, Bank Syariah Mandiri, Price Gold, and Residential Property Price Index on Makassar. Data used was historical data. The result Kruskal-Wallis test show that there was significant difference of rate of risk on Islamic Stock, Islamic Mutual Fund, Sukuk, Mudharabah deposit, Gold and Property. Th
e result of this study proved that Islamic Stock is better than another type of investments.
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