The Influence of Macroeconomics Indicators to the Growth of State Islamic Bonds (Sukuk) in Indonesia
Cupian, Rien Muasia, Eman Suparman
Available Online 24 July 2020.
- 10.2991/ahsr.k.200723.014How to use a DOI?
- sukuk, macroeconomic, indicators, OLS
The purpose of this study is to analyze the impact of macroeconomic on the growth of Islamic bonds (sukuk) in Indonesia. This study uses Ordinary Least Square (OLS) method with a monthly time series starting from January 2013 until December 2016. The results of this study indicate that the Production Index (IP) and Bank Indonesia Syariah Certificate (BSBIS) variables positively and significantly affect the growth of state sukuk issuance in Indonesia, then inflation negatively and significantly affects the growth of state sukuk issuance, while the Jakarta Islamic Index (JII) variable has a negative effect but not significant on the growth of Indonesian state sukuk.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Cupian AU - Rien Muasia AU - Eman Suparman PY - 2020 DA - 2020/07/24 TI - The Influence of Macroeconomics Indicators to the Growth of State Islamic Bonds (Sukuk) in Indonesia BT - Proceedings of the 1st International Conference on Science, Health, Economics, Education and Technology (ICoSHEET 2019) PB - Atlantis Press SP - 61 EP - 64 SN - 2468-5739 UR - https://doi.org/10.2991/ahsr.k.200723.014 DO - 10.2991/ahsr.k.200723.014 ID - 2020 ER -