THE EFFECT OF THE MONEY SUPPLY (JUB), BANK INDONESIA SYARIAH CERTIFICATES (SBIS), JAKARTA ISLAMIC INDEX (JII), INFLATION AND RUPIAH EXCHANGE RATE ON THE NET ASSET VALUE OF SHARIA MUTUAL FUNDS FOR THE 2019-2022 PERIOD

Abstract

This research aims to 1). Analyzing the influence of the Money Supply (JUB), 2). To analyze the Bank Indonesia Sharia Certificate (SBIS), 3). To analyze the Jakarta Islamic Index (JII), 4). To analyze Inflation and 5). To analyze the Rupiah Exchange Rate against the Net Asset Value of Sharia Mutual Funds for the 2019-2022 Period.The population in this research is 274 Sharia stock mutual fund companies registered with the Financial Services Authority (OJK) and active
during the 2019-2022 period. The sample in this research was 24 Sharia Mutual Fund companies using a purposive sampling method, while the data analysis technique used was multiple linear regression analysis with the SPSS 25 program. From the research conducted, it was obtained from the t test results that the variable Money Supply (X1) had a positive and significant effect on the Net Asset Value of Sharia Mutual Funds with a significant value of 0.000 < α (0.05), the Bank Indonesia Sharia Certificate (X2) had no effect on the Asset Value Net Sharia Mutual Funds with a significant value of 0.256 > α (0.05), Jakarta Islamic Index (X3) has a positive and significant effect on the Net Asset Value of Sharia Mutual Funds with a significant value of 0.000 
< α (0.05), Inflation (X4) has no effect on Net Asset Value of Sharia Mutual Funds with a significant value of 0.350 > α (0.05), the Rupiah Exchange Rate (X5) has a positive and significant effect on the Net Asset Value of Sharia Mutual Funds with a significant value of 0.000 < α (0.05).