Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia

Research Article

The Effect of Inflation, Exchange Rate and Yield of Retail Sukuk to Trade Volume of The Retail State Sukuk Series SR-007 in Secondary Market

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  • @INPROCEEDINGS{10.4108/eai.5-8-2020.2301133,
        author={Faraz  Ayudia and Ummu  Salma and Budi Permana Yusuf},
        title={The Effect of Inflation, Exchange Rate and Yield of Retail Sukuk to Trade Volume of The Retail State Sukuk Series SR-007 in Secondary Market},
        proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020,  5 - 6 August 2020, Purwokerto, Indonesia},
        publisher={EAI},
        proceedings_a={ICBAE},
        year={2020},
        month={10},
        keywords={trade volume retail sukuk macroeconomics sukuk yield},
        doi={10.4108/eai.5-8-2020.2301133}
    }
    
  • Faraz Ayudia
    Ummu Salma
    Budi Permana Yusuf
    Year: 2020
    The Effect of Inflation, Exchange Rate and Yield of Retail Sukuk to Trade Volume of The Retail State Sukuk Series SR-007 in Secondary Market
    ICBAE
    EAI
    DOI: 10.4108/eai.5-8-2020.2301133
Faraz Ayudia1,*, Ummu Salma1, Budi Permana Yusuf1
  • 1: University of Muhammadiyah Prof Dr. Hamka, Indonesia
*Contact email: alvarizhaayudiaf@gmail.com

Abstract

The research aims to determine the trading volumes of retail state sukuk that are thought to be influenced by macroeconomics through inflation indicators and the rupiah/USD exchange rate as well as retail yield sukuk itself. This research uses multiple regression methods with retail state sukuk SR-007 series as research objects. The results of the study in partial inflation and yield were positively significant as well as the significant negative exchange rates on the trading volumes of the retail state sukuk SR-007 series. Simultaneously inflation, the exchange rate and the yield of retail sukuk have a significant influence on the trade volume of retail state Sukuk SR007 series. Regression Model shows R-squared adjusted value of 0.685428 This indicates inflation, the exchange rate and the yield of retail sukuk can explain the 68% of the dependent variable namely the trade Volume of retail state Sukuk series SR-007.