Abstract
This study aims to analyze the effect of Investment Costs, Investment Size and Asset Allocation Policy on Investment Performance of Hajj Funds in Malaysia. The method used in this study is a quantitative method with Malaysia Hajj Financial Report Financial Data for 2008 - 2017 and data analysis techniques using non-parametric linear regression analysis with theil method. The results of this study indicate that all three factors together have a significant effect on the investment performance of Hajj funds. However, only Investment Costs are significant to the Investment Performance of the Hajj Fund. While the Investment Size and Asset Allocation Policy are not significant to the Investment Performance of the Hajj Fund in Malaysia.
Highlights
According to Media Indonesia, the Muslim population in the world in 2019 will be around 1.8 billion
This study aims to analyze the effect of Investment Costs, Investment Size and Asset Allocation Policy on Investment Performance of Hajj Funds in Malaysia
The results of this study indicate that all three factors together have a significant effect on the investment performance of Hajj funds
Summary
According to Media Indonesia, the Muslim population in the world in 2019 will be around 1.8 billion. This amount resulted in the occurrence of the hajj waiting list for decades(“Jumlah Populasi Muslim Dunia (Total World Muslim Population)” 2019, Media Indones.). The line of pilgrimage to Malaysia was 121 years long. Saudi Arabia itself limits the quota for Hajj. In 2019 Malaysian hajj quota of 30,200 worshipers (“Antrean Masa Tunggu Haji Di Malaysia Hingga 121 Tahun (The Queue Waiting Period for Pilgrimage in Malaysia to 121 Years)” 2019, Minist.
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