Pengaruh Maturity Issue Term dan Likuiditas Sukuk terhadap Yield Sukuk

Abstract

The development of corporate Sukuk in Indonesia continues to increase every year. That is because there is a market demand for halal investment, avoiding usury, gharar, and maysir, so the instruments traded must be by sharia principles. Sukuk yield is the rate of return invested in corporate Sukuk. Sukuk yield is one of the benchmarks considered by investors in evaluating and making investment decisions on Sukuk. In assessing and evaluating corporate Sukuk, several factors need to be considered, namely maturity issue term and Sukuk liquidity. This study aims to examine the effect of the maturity issue term and Sukuk liquidity on the yield of corporate Sukuk listed on the Indonesia Stock Exchange in the 2016-2018 period. This research is a descriptive study, research which includes collecting data to test hypotheses or answer questions about the latest status of research subjects. The sampling technique uses a purposive sampling technique with a sample of 14 corporate Sukuk. Hypothesis testing uses multiple linear regression analyses with α (5%). The results of this study indicate that the maturity issue term and Sukuk liquidity have a significant positive effect on Sukuk yield.