Cash Waqf Linked Sukuk (CWLS) is a new breakthrough in government financing based on social investment. The presence of CWLS can develop waqf instruments by integrating three main sectors at once, namely the commercial, fiscal, and Islamic finance sectors. This study aims to discuss SW001 series scheme determine relationship between authorities that play role utilization cash investment returns...

The trade-off theory assumes that there are benefits to leverage up until the optimal capital structure is reached. However, fact yet remains puzzled whether sukuk companies possess same effect because holds both debt and equity characteristics. topic prominent of increasing interest issuance in market, series financial distress occurrence especially among issuers. aims study twofold, first ide...