Determinants of Sukuk issuer performances: evidences from Malaysia / Wan Fazliana Izura Wan Abd Rahman

Sukuk have become increasingly popular as a feasible and viable Shariah-compliant long-term financing instrument. It plays the role as the source of the financing fund and capital liquidity for the purpose of economic growth. The purpose of this paper is to investigate the factors that influence Sukuk issuer performance. This study examines whether Sukuk value, Sukuk tenure, Sukuk profit margin and sector types (as independent variables) will affect the Sukuk issuer Performance (proxy by operating profit margin (OPM) and Return on Equity (ROE) - dependent variable). Data will be collected from Rating Agency of Malaysia (RAM), Datastream database, Bursa Malaysia, Securities Commission and Bank Negara Malaysia. The expectations findings of this study could provide factors that influence most in Sukuk issuer Performance and this study could also contribute to the body of knowledge in Sukuk market.