The purpose of this study is to examine the relationship between the NAV of the Islamic equity unit trust funds and selected macroeconomic variables as well as the effect of the recent global financial crisis in the Malaysian financial industry. The study also compares the performance of Islamic and conventional unit trust funds for Malaysian capital market. This study facilitates the investors in making effective investment decisions by estimating the future direction of NAV of the Islamic equity unit trust fund using the expected trend in the macroeconomic variables. In addition, the...