Comparative Analysis of the Performance of Islamic Equity Mutual Funds in Indonesia and Malaysia

The purpose of this study is to analyze the difference between the performance of Islamic equity mutual funds listed in the Indonesian capital market and the Malaysian capital market, with the research period 2017 - 2020. The purposive sampling method was used and each obtained 10 good Islamic stock mutual funds issued in Indonesian and Malaysian capital markets. Mutual fund performance analysis uses the Sharpe and Treynor method, as well as the two-average difference test. The results of the Sharpe method test show that the performance of Islamic equity mutual funds in Indonesia is worse, but the Treynor method shows that the performance of Islamic equity mutual funds in Indonesia is better
than that of Malaysian stock mutual funds. The test using the average difference test method shows that there is no significant difference.