Indonesia Conference Directory

Corresponding Author
Hazik Mohamed

Institutions
Stellar Consulting Group, Singapore

Abstract
There has been increasing attention on sustainable practices and in particular in financing socially-responsible projects through impact investment. The focus of these impact investment financing has been on performance-driven risk-sharing in order to ensure accountability to the execution of the program according its initial intention. We feel that this should not only be limited to impact investments but also in every substantial investment that is being made. In this paper, we recommend putting sukuk and bonds on the blockchain to enable transparency and put forth steps to automate cumbersome processes in sukuk/bond issuances in order to reduce costs and improve efficiency. We leverage similarities and discuss significant advantages of using technology to operationalize accountability and instil confidence in properly structured and executed financial instruments. We make these recommendations on the basis of fulfilling a gap in sustainable practices, through impact-focussed sukuk and bond issuances.

Keywords
asset-backed financing, decentralized credit rating, risk-sharing instruments, sustainable finance, trust tokens

Topic
Islamic Capital Market

Link: https://ifory.id/abstract/kmpCnPVfLQK3

Corresponding Author
Nur Wahyu Ningsih

Institutions
Raden Intan State Islamic University
Jalan LetKol. Hi. Endro Suratmin Sukarame I, Bandar Lampung 35131, Indonesia
*nurwahyu.ningsih107[at]gmail.com

Abstract
This study aims to provide empirical evidence regarding stock returns as the impact of Managements Discussion and Analysis disclosure on companies listed in the Jakarta Islamic Index, Indonesia Stock Exchange, in the 2015-2017 period. The motivation behind this research is the absence of research in Indonesia which studies the presentation of MD & A which influences investors decisions to invest in companies listed in the Jakarta Islamic Index, seen from the companys stock returns. This study used 63 samples. The hypothesis in this study was tested using a partial correlation of simple linear regression. The results showed that there is a positive relationship between MD & A disclosure of stock returns. From the results presented, it is expected that companies listed in the Jakarta Islamic Index can disclose MD & A fully and openly so that they can attract investors to invest. With the increase in stock returns to the value of the company, the existence of Islamic stocks can be increased. Therefore, Indonesia is expected not only to become a large market and place for the Muslim population but also to empower its people through the halal industry including the existence of Islamic stocks in Indonesia.

Keywords
managements discussion and analysis (MD&A), Jakarta Islamic Index, sharia stocks.

Topic
Islamic Capital Market

Link: https://ifory.id/abstract/4eWqbfgwYxNm

Corresponding Author
Heti Nur Isnaini

Institutions
a) Universitas Islam Indonesia, Jl Kaliurang 14,5 Yogyakarta, Krawitan, Umbulmartani, Ngemplak, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55584

Abstract
The capital markets have an important role in development the economy of a country. The existance of Islamic Capital Merket open the chance for Muslim people to invest on halal stock. Many youths, in this case college students now can invest in capital market with minimum deposit Rp100.000,00. This paper analyzes factors that influence collage students interest to invest in islamic capital market especially sharia stocks. Research methode in this paper used quantitative, and analysis method which used multiple linear regression with SPSS 17.0. Subject research are college students in Indonesia The sample of this research collected by using purposive random sampling. Result of this research showed that perception, motivation and learning impact investment decision of sharia stocks. Hypothesis for this research 1. College students perception influence to invest in Islamic Capital Market; 2. College students motivation influence to invest in islamic capital market; 3. College students learning influence to invest in islamic capital market; 4. Perception, motivation, and learning as together influence to collage students to invest in islamic capital market.

Keywords
Interest, College Students, Islamic Capital Market.

Topic
Islamic Capital Market

Link: https://ifory.id/abstract/hTmGcXnre7dv

Corresponding Author
puji sucia sukmaningrum

Institutions
Faculty of Economics and Business, Universitas Airlangga, Indonesia

Abstract
Abstract The Indonesian Government has made a policy that is quite bold and highly impact the company and the economy i.e. endorsement policy tax amnesty in 2016. This research aims to investigate the Sharia stock market reaction against the policy. The sample of this research is the 100 companies listed on the Indeks Saham Syariah Indonesia (ISSI). Research methods using event study; market adjusted model by looking at changes in Average Abnormal Return (AAR) and Trading Volume Activity (TVA) before and after the announcement. The result of the research shows there is a difference of the AAR and TVA before and after the announcement. Investors viewed positively the information content of the tax amnesty policy. The Government has made a very good policy and support improvement in the quality of corporate governance and company performance.

Keywords
tax amnesty; market reaction; Average Abnormal Return; trading volume activity; event study; Islamic stock

Topic
Islamic Capital Market

Link: https://ifory.id/abstract/pf7vFrHWjUmL