أثر المتغيرات الاقتصادية الكلية على أداء سوق الأسهم الإسلامية : دراسة حالة مؤشر فاينانشال تايمز الإسلامي لبورصة ماليزيا

الملخص EN

The aim of this study is to measure the effect of macroeconomic variables on the performance of the Malaysian Islamic stock market, by using Co-integration test and Error Correction Model (ECM).

The results of this study show that there is a significant effect of these variables on the Islamic Index in the long run, and the existence of a long run equilibrium relationship.

In addition, there are a long run causality relations.

The Exchange Rate, Inflation, Budget Deficit and Government Debt (Interest Rate and M3) have negative (positive) effects on the Islamic Index