Research Article
The Effect of Sukuk Ijarah Issuance on Company Profitability in Indonesia
@INPROCEEDINGS{10.4108/eai.26-9-2020.2302646, author={Muhammad Suhaidi and Mardhiyah Hayati}, title={The Effect of Sukuk Ijarah Issuance on Company Profitability in Indonesia}, proceedings={Proceedings of The International Conference on Environmental and Technology of Law, Business and Education on Post Covid 19, ICETLAWBE 2020, 26 September 2020, Bandar Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICETLAWBE}, year={2020}, month={12}, keywords={ijarah sukuk profitability}, doi={10.4108/eai.26-9-2020.2302646} }- Muhammad Suhaidi
Mardhiyah Hayati
Year: 2020
The Effect of Sukuk Ijarah Issuance on Company Profitability in Indonesia
ICETLAWBE
EAI
DOI: 10.4108/eai.26-9-2020.2302646
Abstract
The issuance of corporate securities can increase the profitability ratio. One of the securities that can be issued is the ijarah sukuk , securities issued on the basis of Islamic values and considered quite prospective for the issuer. In Indonesia, ijarah sukuk is issued by various companies, hence this research was carried out to know the reason and to find the relationship with the company profitability. The population in this study were all companies that issued ijarah sukuk on the Indonesia Stock Exchange (IDX) from 2013 to 2018. The sampling technique was purposive which indicated that only 9 companies met the criteria. The results showed that the ijarah sukuk had an influence on the company's profitability. When the ratio of the ijarah sukuk increases by 1%, the profitability increases by 0.393%.
