Investment Risk Management Strategies in Sukuk: A Sharia Management Perspective

Authors

  • Loso Judijanto IPOSS Jakarta, Indonesia

Keywords:

Risk Management;, Sukuk Investment;, Sharia Finance

Abstract

This study aims to analyze investment risk management strategies in sukuk instruments from a sharia management perspective. Sukuk, as a financial instrument that complies with sharia principles, has become an increasingly popular investment alternative in the global market, but also faces challenges in terms of risk management. Therefore, this study identifies and evaluates risk management strategies applied in sukuk investment, focusing on the sharia principles underlying the instrument. The research method used is a descriptive qualitative approach, involving literature studies and in-depth interviews with sharia finance experts and sukuk market practitioners. The analysis was conducted to identify the types of risks faced by sukuk investors, including market risk, credit risk, liquidity risk, and sharia compliance risk. The application of the principle of prudence and transparency in sukuk contracts can increase investor confidence and maintain the sustainability of the sukuk market. In conclusion, risk management in sukuk investment requires a careful approach and is based on strong sharia principles. The right risk mitigation strategy can help minimize potential losses and ensure that sukuk investments remain in accordance with sharia objectives, as well as providing sustainable benefits to investors and society..

References

Al Farisi, M. S., Maulana, R., Kumala, D., & El Hasan, S. S. (2022, May). Estimating The Knowledge of Zakat Payment Among Muslims Using The Elasticity Between Income and Zakat Expenses. In International Conference on Islamic Economic (ICIE) (Vol. 1, No. 2, pp. 185-195).

Amin Widjaja Tunggal, (1992)Marketing Audit, Jakarta PT. Rineka Cipta, page 6. Sharing knowledge "learning Islamic economics in www.ckonomiislam.net/2019/01/pengertian institut keuan syari'ah dalam sistem ekonomi islam. Html, retrieved on August 07, 2022

Aziz, A., Mutakin, A., Sukardi, B., Iswanaji, C., Mardani, D. A., Ady Rahmanto, D. N., ... & Santoso, W. P. (2022). Fintech dan Keuangan Islam: Teori dan Praktik. Publica Indonesia Utama.

Badi Purwadi (2000), “implementation in marketing activities”Jakarta:PT Raja Grasindo, p. 313

Christian Homburg,"definition of marketing strategy, functions, examples of elements",https://koinworks.com/blog, taken on June 22, 2022, at 9.43 WIB

Deni K. Yusuf, (2004)BMT and Islamic Banks: Sharia Financial Institution Instruments,Bandung: Bani Quraysh Library, p. 113.

El Hasan, S. S., Al Farisi, M. S., & Ferdinand, N. (2023). Optimalisasi Potensi dan Peningkatan Daya Saing UMKM Cileungsi Melalui Program Pengabdian Masyarakat. Jabdimas: Jurnal Pengabdian Masyarakat, 1(1), 8-13.

Fandy Tjiptono (2012),"Marketing Strategy 5th Edition,Yogyakarta: Andi, pp. 6-7.

Fatony, A., Mujib, H., & Al Farisi, M. S. (2024). The Role of Zakat in Empowering Islamic Economics from the Perspective of Sharia Business Management. International Journal of Sharia Business Management, 3(2), 131-137.

Ferdinand, N., Al Farisi, M. S., Herawati, E., & Fauzan, M. (2024). Sosialisasi E-Commerce dalam Meningkatkan Penjualan Produk Halal UMKM Tegal Salam Cariu. Jurnal Pengabdian Masyarakat Madani (JPMM), 4(1), 43-49.

Ghazali Imam (2009)), "multivariate analysis application with the program spss”Semarang: Diponegoro University, p. 45.

Hendrawan (2017),"the influence of Batam community perceptions about Sharia Banks on interest in using Sharia Bank products",Journal of business administration, Vol. 1 No. 2

Inayatulloh, I., Hartono, I. K., Fachrul, A. F., Al Farisi, M. S., Sriwardiningsih, E., & Fachri, R. M. F. (2022). Blockchain technology for customer protection in e-commerce transactions. Journal of Cybersecurity, 1(1), 1-12.

Novitasari, K., & Al Farisi, M. S. (2024). Effective Strategy for Sharia Financial and Business Management in The Month of Ramadan. International Journal of Sharia Business Management, 3(1), 37-43.

Kotler and Keller, (2009)"marketing management 12th edition. Volume”Jakarta Pt Index. Gramedia Group, p.6.

Mukhlisin, (2006),"The Relationship between Marketing Strategy and Increasing the Number of Financing Customers at Bank Muamalat Indonesia, Cirebon Branch"

Mrs. Maida Wijaya (2019),"Marketing Strategy Director for Customer Interest in 25 IB Macro Financing Products at BRI Syariah",(“thesis” Metro State Islamic Institute), p. 55.

Nugroho, et al. (2017) in the article"the influence of religiosity and self-efficacy on the saving behavior of the Islamic",p. 22.

Nurul Ichsan Hasan, (2014)Islamic Banking An Introduction, Jakarta: GP Press Group, p. 202.

Philip Kotler, Hermawan Kertajaya, Huan Ho Deen, Liu Sandra (2003), “rething marketing sustainable marketing enterprise in Asia"Jakarta: PT. Prenhallindo, p. 5.

Pugu, M. R., Riyanto, S., & Haryadi, R. N. (2024). Metodologi Penelitian; Konsep, Strategi, dan Aplikasi. PT. Sonpedia Publishing Indonesia.

Purhantara, Revelation, (2010),Qualitative Research Methods For Business,Yogyakarta: Graha Ilmu, p. 79,

Lopiyoadi and A. Hamdani's progress, (2008)Marketing Services ManagementJakarta: Selemba Empat, p. 44.

Riduwan, (2004),Methods and Techniques for Writing a Thesis, Bandung: Alfabeta, which influences the interest in saving in Islamic Banks (Kaxer lecturer study, pp. 71-95.

Siti Maisharah Amanda and M. Sabri Abd. Majid, (2019)" factors that influence interest in saving in Islamic banks (special study of lecturers at the Kuala Shia University)",scientific journal of islamic economics students, vol. 1 No. 2

Siti Rohaeni (2010),"The Influence of Marketing Strategy Implementation on Public Interest in Transacting at Islamic Banks Sugiyono (2012), "Understanding Qualitative and Quantitative Research"Bandung:Alfabeta, p. 270.

Sugiyono, (1999),Business Writing Methods, First Printing, Bandung: Alfabeta.

Downloads

Published

2024-11-15