The Influence of Macroeconomics Indicators to the Growth of State Islamic Bonds (Sukuk) in Indonesia

DOI

10.2991/ahsr.k.200723.014How to use a DOI?

Keywords

sukuk, macroeconomic, indicators, OLS

Abstract

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.

Copyright

© 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/).

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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  -