Electronic Resource

Assessing Investment Allocation Funds on the Growth of Total Assets Among Islamic Insurance Firms in Indonesia

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The objective of this research is to examine the impact of Islamic insurance funds'
asset allocation, which includes mudharabah deposits, sovereign sukuk, corporate
sukuk, and Islamic mutual funds, on the asset growth of Islamic insurance funds in
Indonesia. This study employs quantitative methodology, utilizing Vector
Autoregression (VAR) and Ordinary Least Square (OLS) to analyze data series
spanning from January 2016 to April 2023. The findings of the ordinary least squares
(OLS) analysis indicate that the proportion of funds invested in Islamic mutual funds,
government sukuk, corporate sukuk, and mudharabah deposits has a substantial and
positive impact on the expansion of Islamic insurance assets. Moreover, the findings
from the VAR indicate that a positive and statistically significant short-term
relationship exists exclusively with government sukuk and its impact on the expansion
of Islamic insurance assets. To optimize the allocation of investment funds for
investors and stakeholders, sovereign sukuk and corporate sukuk may be considered,
in light of the Impulse Response Function and Variance Decomposition analysis.

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Availability

Detail Information

Series Title

Manajemen Bisnis Syariah

Call Number

-

Publisher

Mojokerto : IIJSE., 2024

Collation

pp;4136-4160

Language

English

ISBN/ISSN

2621-606X

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

Vol. 7. No. 2 (2024)

Subject(s)

Islamic Insurance
Takaful
Asset Allocation Fund

Specific Detail Info

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Statement of Responsibility

Ulviya tafitri

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