Review of Islamic Economics and Finance
Vol 2, No 2 (2019): Review of Islamic Economics and Finance (RIEF) December 2019

The Analysis of Third-Party Funds, State Sukuk, and Corporate Sukuk Towards Financial Deepening in Indonesia

Mery Mary (Universitas Pendidikan Indonesia)
Elis Mediawati (Unknown)
Fitranty Adirestuty (Unknown)



Article Info

Publish Date
31 Dec 2019

Abstract

Sharia-based financial institutions are being developed in Indonesia, especially in Islamic banking and Islamic capital market institutions. The role of financial institutions in economic growth in Indonesia is defined as financial deepening. This study examines the variables of third party-funds, state Sukuk, and corporate Sukuk towards financial deepening. The used research method in this research was the causality method with a quantitative approach. The population in this study is Islamic banking and Islamic capital markets, which are registered at the Financial Services Authority (FSA). The sampling technique was saturation sampling. The used method in this research was the descriptive-explanatory method with multiple linear regression analysis. The dependent variable in this study is financial deepening. While, the independent variable in this study is the third-party funds, corporate Sukuk, and state Sukuk. The results show that third-party funds affect financial deepening, state Sukuk affects financial deepening, and corporate Sukuk does not affect financial deepening.

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Journal Info

Abbrev

rief

Publisher

Subject

Economics, Econometrics & Finance

Description

The aims of this Journal is to promote a principled approach to research on Islamic macroeconomics, Islamic microeconomics, Islamic development economics, Islamic monetary economics, Islamic public economics, Islamic political economics, Islamic leisure toursm, and Islamic financial technology. ...