THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations
This study attempts to identify dominant factors for banks to issue sukuk and emission features. Applying interviews and Analytic Network Process, this paper Found that the sub-elements which are dominant in influencing IB less interested in issuing sukuk, namely: averse selection/amount cost of fun...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Walisongo State Islamic University
2016-06-01
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| Series: | Walisongo: Jurnal Penelitian Sosial Keagamaan |
| Subjects: | |
| Online Access: | http://journal.walisongo.ac.id/index.php/walisongo/article/view/693 |
| _version_ | 1818949811988070400 |
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| author | Taufik Awaludin Irfan Syauqi Beik Rifki Ismal |
| author_facet | Taufik Awaludin Irfan Syauqi Beik Rifki Ismal |
| author_sort | Taufik Awaludin |
| collection | DOAJ |
| description | This study attempts to identify dominant factors for banks to issue sukuk and emission features. Applying interviews and Analytic Network Process, this paper Found that the sub-elements which are dominant in influencing IB less interested in issuing sukuk, namely: averse selection/amount cost of fund (management), investment rating companies (investor), the results of using sukuk funds (regulation) and profitability condition (finance). Meanwhile, the sub-elements which are dominant in determining the features of the issuance of sukuk are: macroeconomic condition (emission values), expectations of investors (return)), the contract and the structure of sukuk (collateral), managing mismatch (period), and company liquidity (payment term). The method used in this reseach is the Analytic Network Process (ANP). This study will identify the aspects of emission factors and features.
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Penelitian ini bertujuan untuk melakukan identifikasi faktor-faktor dominan dalam persoalan sukuk dan ciri-ciri pengeluarannya. Menerapkan teknik wawancara dan proses jejaring analitis, makalah ini menemukan bahwa sub-sub elemen yang dominan mempengaruhi kurang menariknya IB dalam persoalan sukuk, adalah: menolak seleksi/jumlah pembiayaan (manajemen), rating investasi perusahaan (investor), hasil-hasil penerapan pembiayaan sukuk (regulasi) dan kondisi profitabilitas (keuangan). Sementara itu, sub-sub elemen yang dominan dalam menentukan ciri-ciri pengeluaran sukuk adalah: kondisi makro ekonomi (nilai pengeluaran), ekspektasi dari investor (keuntungan), kontrak dan struktur sukuk (jaminan), pengelolaan yang tidak sebanding (waktu) dan likuiditas perusahaan (syarat-syarat pembayaran). Metode yang digunakan dalam penelitian ini adalah Analytic Network Process (ANP). Penelitian ini akan mengidentifikasi aspek faktor emisi dan fitur. ANP adalah teori matematika dalam pengambilan keputusan yang mampu menganalisis pengaruh melalui asumsi untuk memecahkan berbagai masalah. |
| first_indexed | 2024-12-20T09:08:38Z |
| format | Article |
| id | doaj.art-ada7c6d679de44e4b7382e70f938e9a8 |
| institution | Directory Open Access Journal |
| issn | 0852-7172 2461-064X |
| language | English |
| last_indexed | 2024-12-20T09:08:38Z |
| publishDate | 2016-06-01 |
| publisher | Walisongo State Islamic University |
| record_format | Article |
| series | Walisongo: Jurnal Penelitian Sosial Keagamaan |
| spelling | doaj.art-ada7c6d679de44e4b7382e70f938e9a82022-12-21T19:45:38ZengWalisongo State Islamic UniversityWalisongo: Jurnal Penelitian Sosial Keagamaan0852-71722461-064X2016-06-01241375610.21580/ws.24.1.693842THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and RecommendationsTaufik Awaludin0Irfan Syauqi Beik1Rifki Ismal2School of Business Bogor Agricultural UniversitySchool of Business Bogor Agricultural UniversitySchool of Islamic Economics Tazkia, JakartaThis study attempts to identify dominant factors for banks to issue sukuk and emission features. Applying interviews and Analytic Network Process, this paper Found that the sub-elements which are dominant in influencing IB less interested in issuing sukuk, namely: averse selection/amount cost of fund (management), investment rating companies (investor), the results of using sukuk funds (regulation) and profitability condition (finance). Meanwhile, the sub-elements which are dominant in determining the features of the issuance of sukuk are: macroeconomic condition (emission values), expectations of investors (return)), the contract and the structure of sukuk (collateral), managing mismatch (period), and company liquidity (payment term). The method used in this reseach is the Analytic Network Process (ANP). This study will identify the aspects of emission factors and features. *** Penelitian ini bertujuan untuk melakukan identifikasi faktor-faktor dominan dalam persoalan sukuk dan ciri-ciri pengeluarannya. Menerapkan teknik wawancara dan proses jejaring analitis, makalah ini menemukan bahwa sub-sub elemen yang dominan mempengaruhi kurang menariknya IB dalam persoalan sukuk, adalah: menolak seleksi/jumlah pembiayaan (manajemen), rating investasi perusahaan (investor), hasil-hasil penerapan pembiayaan sukuk (regulasi) dan kondisi profitabilitas (keuangan). Sementara itu, sub-sub elemen yang dominan dalam menentukan ciri-ciri pengeluaran sukuk adalah: kondisi makro ekonomi (nilai pengeluaran), ekspektasi dari investor (keuntungan), kontrak dan struktur sukuk (jaminan), pengelolaan yang tidak sebanding (waktu) dan likuiditas perusahaan (syarat-syarat pembayaran). Metode yang digunakan dalam penelitian ini adalah Analytic Network Process (ANP). Penelitian ini akan mengidentifikasi aspek faktor emisi dan fitur. ANP adalah teori matematika dalam pengambilan keputusan yang mampu menganalisis pengaruh melalui asumsi untuk memecahkan berbagai masalah.http://journal.walisongo.ac.id/index.php/walisongo/article/view/693sukukIslamic banksissuingfactorANP |
| spellingShingle | Taufik Awaludin Irfan Syauqi Beik Rifki Ismal THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations Walisongo: Jurnal Penelitian Sosial Keagamaan sukuk Islamic banks issuing factor ANP |
| title | THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations |
| title_full | THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations |
| title_fullStr | THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations |
| title_full_unstemmed | THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations |
| title_short | THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations |
| title_sort | less interrested of islamic bank for issuing sukuk factors and recommendations |
| topic | sukuk Islamic banks issuing factor ANP |
| url | http://journal.walisongo.ac.id/index.php/walisongo/article/view/693 |
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