The Effect Of Issuance Of Sukuk Funds To Sharia Banking Performance

Abstract

The purpose of this study is to examine empirically how the influence of Sukuk (Islamic bonds) on the performance of Islamic Banks in Indonesia. This research is expected to explain that there is an increase in the performance of Islamic Banks in Indonesia, namely the ratio of liquidity, profitability and solvability with the Sukuk funds. Action Plan carried out on each evaluation strategy begins by defining a series of theoretical concepts, relevant levels of analysis, and measurable indicators. The dependent variable of this research is Return on Assets (ROA), Capital Adequacy Ratio (CAR) and the independent variable of this research is Sukuk (Sharia Bonds). ROA is the ratio between profit before tax to the average assets owned by a bank in one period, and CAR is the ratio of the obligation to fulfill the minimum capital that must be owned by the bank. The data analysis model uses multiple linear regression method. Data Observations used are data of these variables in the last four years, in 2014-2017. Data obtained from Bank Indonesia. Analysis carried out with SPSS Software (Statistical Package Social Science) The results of this study prove that the Sukuk (SKD) and the Sukuk sold (SKT) do not have a significant effect on ROA and prove that the Sukuk (SKD) and Sukuk sold (SKT) have a significant effect on CAR.