Risk and Return: Bonds and Sukuk in Indonesia
<p><em>The aim of this research is to compare the degree of risk and return of bonds with sukuk, using several calculations magnitudes, which are, yield to maturity (YTM), Macaulay's duration, and Value at Risk (VaR). </em><em>The results of this study show that there is...
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Syarif Hidayatullah State Islamic University of Jakarta
2016-07-01
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doaj-c5ea2bf82f22490aaf4ab852bf845e3d2020-11-25T00:19:56ZengSyarif Hidayatullah State Islamic University of JakartaAl-Iqtishad: Jurnal Ilmu Ekonomi Syariah2087-135X2407-86542016-07-018225527010.15408/aiq.v8i2.31592561Risk and Return: Bonds and Sukuk in IndonesiaAhmad Rodoni0Aris Setiawan1UIN Syarif Hidayatullah JakartaRaoudho Berkah<p><em>The aim of this research is to compare the degree of risk and return of bonds with sukuk, using several calculations magnitudes, which are, yield to maturity (YTM), Macaulay's duration, and Value at Risk (VaR). </em><em>The results of this study show that there is no significant difference between the YTM bonds and the YTM of emitted sukuk. Using the Macaulay’s duration formula to evaluate the duration of bonds and sukuk, the research found out that there is no significant difference in the duration of bonds and sukuk. However, the calculation and comparison of the VaR, showed a significant differences between bonds and sukuk , likewise either the comparison of the VaR of a sample group of bonds with a sample group of sukuk using k sample test. But by testing each group of the VaR of bonds sample group and sukuk sample group,the results show no significant differences</em>.<strong></strong></p><p>DOI: <a href="http://dx.doi.org/10.15408/aiq.v8i2.3159">10.15408/aiq.v8i2.3159</a></p>http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3159bondssukukriskreturn |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ahmad Rodoni Aris Setiawan |
spellingShingle |
Ahmad Rodoni Aris Setiawan Risk and Return: Bonds and Sukuk in Indonesia Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah bonds sukuk risk return |
author_facet |
Ahmad Rodoni Aris Setiawan |
author_sort |
Ahmad Rodoni |
title |
Risk and Return: Bonds and Sukuk in Indonesia |
title_short |
Risk and Return: Bonds and Sukuk in Indonesia |
title_full |
Risk and Return: Bonds and Sukuk in Indonesia |
title_fullStr |
Risk and Return: Bonds and Sukuk in Indonesia |
title_full_unstemmed |
Risk and Return: Bonds and Sukuk in Indonesia |
title_sort |
risk and return: bonds and sukuk in indonesia |
publisher |
Syarif Hidayatullah State Islamic University of Jakarta |
series |
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah |
issn |
2087-135X 2407-8654 |
publishDate |
2016-07-01 |
description |
<p><em>The aim of this research is to compare the degree of risk and return of bonds with sukuk, using several calculations magnitudes, which are, yield to maturity (YTM), Macaulay's duration, and Value at Risk (VaR). </em><em>The results of this study show that there is no significant difference between the YTM bonds and the YTM of emitted sukuk. Using the Macaulay’s duration formula to evaluate the duration of bonds and sukuk, the research found out that there is no significant difference in the duration of bonds and sukuk. However, the calculation and comparison of the VaR, showed a significant differences between bonds and sukuk , likewise either the comparison of the VaR of a sample group of bonds with a sample group of sukuk using k sample test. But by testing each group of the VaR of bonds sample group and sukuk sample group,the results show no significant differences</em>.<strong></strong></p><p>DOI: <a href="http://dx.doi.org/10.15408/aiq.v8i2.3159">10.15408/aiq.v8i2.3159</a></p> |
topic |
bonds sukuk risk return |
url |
http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3159 |
work_keys_str_mv |
AT ahmadrodoni riskandreturnbondsandsukukinindonesia AT arissetiawan riskandreturnbondsandsukukinindonesia |
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1725369680012509184 |