THE INFLUENCE OF SHARIA, SUKUK AND SHARIA MUTUAL FUNDS TO NATIONAL ECONOMIC GROWTH YEAR 2011-2019
Abstract
This research aims to test and analyze the influence of sharia stocks, Sukuk, and sharia funds against national economic growth. This type of research is associative with a quantitative approach. The data used in this research is secondary data obtained from the report of the stock value of Sharia, sukuk and sharia funds published in the Financial Services Authority (OJK) and the Indonesian economic growth publication data from the central statistic (BPS) period 2011 to 2019. The sampling technique used is the Probability Sampling method, which is to fetch the quarterly data from the years 2011 to 2019 which results in a sample of 32 samples. Data analysis is done by using statistics with SPSS tools. Based on the results of data analysis by using test-T is known that partial shares of Sharia and sukuk influential significant and positive to the growth of national economic and sharia funds partially no significant effect on national economic growth. While based on the results of data analysis using Uji-F is known that simultaneously shares of Sharia, sukuk, and sharia funds have a significant and positive influence on national economic growth.
Downloads
References
Awaluddin. 2016. Sharia capital market: The analysis of Sharia securities offerings at the Indonesia Stock
Exchange. Journal of Islamic Economic Studies. 1(2).
Burhanuddin, Chairul Iksan, Muhammad
Nur Abdi. 2020. The threat of the Global economic crisis from the impact of the Corona Virus spread (Covid-19). Journal of AkMen. 17 (1).
Deftiliamy, Nevi Yuria. 2018. Influence of government consumption, capital formation formation, and exports to Indonesia's economic growth (year 2010-2017) [thesis]. Tulungagung (ID): Islamic Religious Institute of the Nation of Itulungagung.
Fauzan M., Dedi Suhendro. 2018. The role of Sharia capital market in encouraging the pace of economic growth in Indonesia. Human Falah Journal. 5 (1): 70.
Ghozali, priest. (2016) Multivariete analysis application with IBM SPSS 23 Program. 8th Edition. Semarang: The publishing agency of Diponegoro University.Semarang
____2018. Multivariate analysis application with IBM SPSS 25 Program. Eighth edition. University of Diponegoro Publishing agency. Semarang.
Huda, Nurul, Hardius Usman. 2016. Theories and statistical applications: approach to Islamic economic analysis. Jakarta: Prenada Media Group. Page 23.
......2015. Quantitative research method (analysis of contents and analysis of secondary Data), Jakarta: PT Raja Grafindo Persada Morissan.
......2012. Survey research methods. Jakarta: Prenada Media Group.
Mui. 2017. Fatwa Board of National Sharia No. 59/DSN-MUI/V/2007 concerning Sharia Bonds Mudharabah conversion.
..... 2002. Fatwa DSN-MUI No: 32/DSN-MUI/IX/2002 concerning sharia bonds.
Nurafiati, Nita. 2019. The development of Sharia capital market and its contribution to economic growth in Indonesia. INCLUSIVE JOURNAL: Journal of Economic Research and Islamic law. 4 (1).
Rinanda, S. Rizka. 2018. Influence of Sharia shares, Sukuk and sharia funds to national economic growth year 2013-2017 [thesis]. Jakarta (ID). Syarif Hidayatullah State Islamic University Jakarta.Sari, Mutia, Mohd. "Nur Syechalad, Sabri.
Abd. Majid. 2016. Influence of investment, labour and government expenditure on economic growth in Indonesia. Journal of Economics and Public policy. 3 (2): 110.
Sekaran, U. & Bougie, R.J., (2016). Research Methods for Business: A skill Building Approach. 7th Edition, John Wiley & Sons Inc. New York, US.
Subanti, Sri and Hakim, Arif Rahman. 2014. econometrics, Yogyakarta: Graha Ilmu
Sugiyono. 2007. Business Research Methods. Bandung: Alfabeta. H.183.
Syauqi, Irfan, Laily Dwi Arsyianti. 2016. Sharia development economics.
Jakarta: Eagle Press.
Authors who publish to JMM17: Jurnal Ilmu Ekonomi Dan Manajemen agree to the following terms:
- Authors transfer the copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)
