Factors influence Al-Aqar KPJ real estate investment trust performance : The first islamic reit in the world / Hazrihasni Hamit@Abd Hamid

• Main Author: Hamit@Abd Hamid, Hazrihasni
• Format: Student Project
• Language: English
• Published: UNIVERSITI TEKNOLOGI MARA 2012
• Subjects: Interest rates; Trust services. Trust companies; Stock exchanges. Insider trading in securities; Finance, Islamic
• Online Access: http://ir.uitm.edu.my/id/eprint/41267/1/41267.pdf; http://ir.uitm.edu.my/id/eprint/41267/

This study examine the factors that influence Al-Aqar KPJ REIT performance. All relevant data are gathered and collected from secondary sources which is through data stream. The data collected from January 2007 until June 2011 on a monthly basis. The main method using in this study are multiple regression analysis. Al-Aqar KPJ REIT performance was proxy to Al-Aqar KPJ stock price whereas interest rate, inflation rate, stock market performance and direct real estate market performance were proxies to base lending rate (BLR), consumer price index (CPI), FBMKLCI and property index. The result indicate that there is significant influence between AlAqar stock price with BLR, CPI and FBMKLCI whereas for the property index, there is no significant influence with the Al-Aqar stock price. Thus, there is a significant influence between Al-Aqar KPJ REIT performance with interest rate, inflation rate and stock market performance, whereas for direct real estate market performce, it has no significant influence with Al-Aqar KPJ REIT performance. From the independent variable, interest rate influencing Al-Aqar KPJ REIT performance the most because BLR shows the highest beta value among that four independent variable