THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations

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Published: Jun 15, 2016
DOI: https://doi.org/10.21580/ws.24.1.693
Keywords:
sukuk, Islamic banks, issuing, factor, ANP

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Taufik Awaludin
School of Business Bogor Agricultural University
Irfan Syauqi Beik
School of Business Bogor Agricultural University
Rifki Ismal
School of Islamic Economics Tazkia, Jakarta

Abstract

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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How to Cite
Awaludin, T., Syauqi Beik, I., & Ismal, R. (2016). THE LESS-INTERRESTED OF ISLAMIC BANK FOR ISSUING SUKUK: Factors and Recommendations. Walisongo: Jurnal Penelitian Sosial Keagamaan, 24(1), 37–56. https://doi.org/10.21580/ws.24.1.693
Issue
Vol. 24 No. 1 (2016): Ekonomi (Bisnis) Islam
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Articles

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