THE EFFECTIVENESS OF FINANCIAL PERFORMANCE EMITEN TO YIELD SUKUK IN INDONESIA

The development of sukuk in Indonesia has grown rapidly showing awareness of the investment. Sukuk are long-term securities based on sharia principles issued by issuers (emiten) to the holders of sukuk. Issuers are required to pay income to the holders of securities in the form of profit sharing and paid back at maturity. This study aimed to analyze the influence of internal factors to yield sukuk issuers in Indonesia. The independent variables in this study are the debt ratio, current ratio, ROA, and ROE and the dependent variable of this study is the sukuk yield. This study uses multiple regression analysis and sample collection techniques using purposive sampling method. The samples used in this study are the companies that issue securities and listed in Indonesia Stock Exchange in 2012-2015. The results of this study showed that simultaneous (together) variable debt ratio, current ratio, ROA and ROE affect the yield sukuk. Value t test showed a debt ratio of variables affect the yield of sukuk in Indonesia. While the variable current ratio, ROA and ROE variables did not affect the yield of sukuk in Indonesia in 2012-2015