What is it about?

This research aims to develop a determinant variable of the Sukuk rating derived from agency and asymmetry theories which is essential because Sukuk or Islamic Bonds is needed for Muslims in Indonesia of its population size out of 320 million people.

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Why is it important?

The Sukuk rating is crucial, especially in Indonesia, which aggressively promotes Sukuk investment for infrastructure development.


The study of the Sukuk rating cannot be separated from those aspects, especially in the field of accountability, integrity, and transparency of state financial management. Hence managing risk of socio-economic nature is inevitable.

Research Professor Dr. Khaliq Ahmad
Putra Business School-UPM-Malaysia

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This page is a summary of: The Determinant of Sukuk Rating: Agency Theory and Asymmetry Theory Perspectives, Risks, July 2022, MDPI AG, DOI: 10.3390/risks10080150.
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