The purpose of this study is to analyze and test the effect of financial ratios and macroeconomics on Islamic stock returns listed in Jakarta Islamic Index (JII) other than to assess whether investment risk can be an intervening variable in this study. The type of research is explanatory in nature with a quantitative descriptive approach. The data used is based on secondary sources with a sample group of 29 companies listed on JII for a 5-year period ending 31 December 2018. The data obtained were analyzed by using SEM (Structural Equation Model) with AMOS (Analysis Moment of Structural) 21 program. The results of the study show that only financial ratios affect sharia stock returns and investment risk, while the mediation test found that investment risk does not act as a mediating variable between financial ratios and macroeconomics and Islamic stock return. These findings indicate that the role of the company’s financial health is very important. Besides affecting the rate of return obtained, the company’s financial health can also reflect the level of risk that investors will accept in the future. By improving financial performance properly, a company will have a positive impact on various interested parties and minimize the level of investor losses.

농업용수 회귀율을 조사하기 위하여 2003년 관개기 동안 많은 실측을 수행하였다. 본 연구지역은 경상남도 창녕군에 위치한 대암양수장 유역일원이다. 관개용수를 공급하기위하여 건설된 대암 양수장 유역 내 논에 대하여 물수지분석을 실시하였다. 본 연구지역에서의 일 강우량 자료를 수집하였으며, 또한 관개율, 배수율, 침투 및 증발산을 실측하였다. 관개량과 배수량은 기록형수위계(GTDL-L10)를 설치하여 관계기 동안 지속적으로 관측하였다 침투 및 증발산은 직경