Abstract

The purpose of this research is to know the influence of Uncertainty Macroeconomic and demographic factors such as Population, Gross Domestic Product, Government Sukuk and Sharia Mutual Funds to The Investment Yield Sharia Insurance in Indonesia. The method of research using a causal research design in Indonesia Sharia Insurance. The data used are secondary data sourced from Financial Services Authority, Indonesia. The method of analysis used in this research is the SEM method using SmartPLS software. The results show that Population, Gross Domestic Product, Government Sukuk and Sharia Mutual Funds do not influence Investment Yield Sharia Insurance in Indonesia. The implications of this research are the Indonesian Financial Services Authority policy which considers Population, Gross Domestic Product, Government Sukuk and Sharia Mutual Funds for Investment Yield Sharia Insurance in Indonesia. The limitation of this research is to use monthly samples and only observe for 2 (two) years. Originality of this research is using the latest observation variable that is 2018-2019 and observation at a sharia insurance company in Indonesia.

Highlights

  • In 2018, the key Islamic finance segments such as Islamic banking and capital markets continued to support economic growth across the globe by providing Shariah-compliant and ethical methods of financing

  • The purpose of this research is to know the influence of Uncertainty Macroeconomic and demographic factors such as Population, Gross Domestic Product, Government Sukuk and Sharia Mutual Funds to The Investment Yield Sharia Insurance in Indonesia

  • The results show that Population, Gross Domestic Product, Government Sukuk and Sharia Mutual Funds do not influence Investment Yield Sharia Insurance in Indonesia

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Summary

Introduction

In 2018, the key Islamic finance segments such as Islamic banking and capital markets continued to support economic growth across the globe by providing Shariah-compliant and ethical methods of financing. While overall growth remained moderate, pockets of economic activity continued to expand in key real sectors such as infrastructure (including transportation, power and utilities and telecommunications), financial services, real estate and aviation. These activities continued to generate demand for financing and other related financial services, including the capital markets. Morse (2020) state when compared to the life cycle of a government, in the elucidation of the concerning Financial Balance between the Central Government and Regional Governments, it mentions a number of variables that reflect the need for the procurement of public facilities in each region, among of which are the regional size and the total population (Warde, 2000, Coibion et al, 2021, Levy, 2021; Patel & Tsionas, 2021). Regional autonomy is defined as the right, power, and obligation of autonomous regions to set up and manage their own governance-related affairs and interests of local communities in accordance with the legislation

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