Indonesia Conference Directory

Nowadays, Sukuk is still constrained in liquidity is certainly in the spotlight together. Especially seeing the potential of Sukuk very large, it is expected that liquidity problems did not interfere with these potentials. The author will discuss any Sukuk development strategy in dealing with these problems. And whether some internal factors Sukuk relations have a positive relationship to the Sukuk liquidity itself. The author will discuss the econometric approach VAR / VECM about the influence of several factors in liquidity, as well as interviews approach to address needed solutions and strategies. The discussion will focus on the Sukuk (Project Based Sukuk) PBS-001 in PBS Sukuk liquidity side. The primary factor in data processing Sukuk liquidity, the data will focus on frequency, volume, Nominal Outstanding, Yield and maturity in the year 2012-2016. It is known that in the short term Outstanding Nominal variables positively affect PBS dominant at 2.86825, while the long-term variable volume PBS negatively affect predominantly of -6.74084. Based on the test results of the IRF, the effect of shocks when the Shock to a variable volume, Nominal Outstanding, Tenor, and Yield in the early months are very volatile but started balanced at month 13. Based on interviews, on average, they say that the solution can be given for moment Sukuk is that liquidity is increasing Stock Outstanding Nominal Building or reproduce.