Sukuk Investors’ Confidence Following The 2008-Crisis: A Perspective From Maqasid Shariah For The Covid-19 Pandemic

Changes in investors’ confidence may trigger changes asset prices. Investor sentiment be an essential factor the market pricing process to explain stock index. The purpose of this study is look into effects on Sukuk investors Malaysia following COVID-19 pandemic using impact global financial crisis 2007/2008 as a reference. effect will measured Equity Market Sentiment Index (EMSI). This focuses FTSE Bursa Kuala Lumpur Composite (FBMKLCI), Emas Shariah (FBM EMAS), Hijrah HIJRAH), and Dow Jones Islamic (DJIM). sources data include Datastream, Bloomberg database, Securities Commission Malaysia, Malaysia. issue increased after crisis. behaviour showed that they avoided risks their portfolio, but tend seek chances when are confident. Therefore, intelligent those who accept higher with returns. Concerning objective, did not display high risk-seeking before 2008 during have also referred situation invest bonds, where there analysis provides valuable information guidelines issuers, policymakers, regulatory bodies, investors, both Muslim non-Muslim, can draw them Sukuk.