with regard to the islamic ban on usury, muslim governments and companies that intend to raise funds have to utilize financial instruments which, besides having economic and financial justification, need to be consistent with the principles and provisions of the jurisprudence. meanwhile, given the different motivations and interests of investors, diversity in financial instruments is a fundamen...

The existence of sharia bukan-bank financial institutions (NBFI) today is very important and one form financing al-Ijarah al-Muntahiyah Bi al-Tamlik (IMBT), which a lease agreement (ijarah) with the transfer ownership object that used as in when IMBT contract ends based on wa’ad (promise). This research normative juridical Fatwa National Sharia Council through analysis Islamic Civil law. nature...

Penelitian ini bertujuan untuk menganalisis pengaruh saham syariah, obligasi syariah (sukuk), reksadana terhadap pertumbuhan ekonomi nasional. Jenis penelitian adalah kuantitatif dengan menggunakan data time series berjumlah 60 sampel bulanan dari Januari 2015 sampai Desember 2019. Analisis dasar yang digunakan dalam Vector Error Correction Model (VECM), dan Granger Causality Test menentukan ar...

The COVID-19 pandemic crisis is projected to plunge over half a billion people (580 million) globally into extreme poverty. This exploratory paper proposes an innovative Social Synergy sukuk (Double-S sukuk) for alleviating the alarming upsurge in poverty triggered by face of limited resources. Double-S designed with Multilateral Development Banks (MDBs); such as Islamic Bank subscribing at dis...

Penelitian ini bertujuan untuk mengumpulkan bukti empiris dan mengetahui signifikansi pengaruh maturitas, ukuran perusahaan, pertumbuhan, profitabilitas, likuiditas, leverage terhadap peringkat sukuk perusahaan di Indonesia, serta menguji teori tentang determinan sukuk. Populasi dalam penelitian adalah seluruh korporasi Indonesia yang telah diperingkat oleh Pefindo. Teknik pengambilan sampel me...

Due to its distinctive features and investment quality, sukuk as an Islamic alternative bond financing, have known last decades a worldwide interest rapid widespread, particularly after the 2007-2008 global financial crisis. Despite market prevalence of sukuk, literature on – economic wealth nexus still inexistant. In this study, we develop basic model that captures welfare effects markets. The...