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FACTORS THAT INFLUENCE SUKUK RETAIL IN INDONESIA
| Detail | |
|---|---|
| Author | NEVI DANILA |
| ID | 202.710.123 |
| Published Date | 01-01-1900 |
Abstract
-Abstrak Retail Suku is developed by ministry for domestic investors in bond market to strngthen the government's bond against volatility due to foreign investors movement. It helped to finance the budget deficit. The question is that what variables affect the price of retail Sukuk. This paper will examine what factors that affect individual investors to buy retail Sukuk 01 (SR01). Investigating factors that affect SR01 price is crucial because Indonesia, as the world's most muslim populous country, is supposed to have muslim investors who are more concerned to islamic products to invest. Thus, the government has a potential new market segment (diversification of investor base) to finance the budget through domestic market. The result suggest that only interest rate (conventional) affects the price. It implies that the investors are only concern on the return; the religious factor apparently does not come in the picture.