Islamic capital market and debt financing of Shariah-compliant firms in Indonesia

Haron, Razali and Adeyemi, Adewale Abideen (2016) Islamic capital market and debt financing of Shariah-compliant firms in Indonesia. Al-Shajarah, Special Issue (Islamic Banking and Finance). pp. 67-86. ISSN 1394-6870

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Abstract

Islamic Capital Market (ICM) is expanding rapidly worldwide and Indonesia is following very closely. Examining 290 shariah-compliant Indonesian firms, we found that certain firm and industry level determinants do influence the debt financing without ignoring the shariah principles governing the decisions. The ICM accelerating growth is very much reflected in the findings, thus contributing significantly in the literature and to the policymakers as well. Being shariah-compliant does not hinder them from engaging in higher debt with Islamic debt instruments employed as alternatives.

Item Type:	Article (Journal)
Additional Information:	4581/54444
Uncontrolled Keywords:	Islamic Capital Market, Islamic Finance, Debt Financing, shariah-compliant, Indonesia
Subjects:	H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Razali Haron
Date Deposited:	12 Jan 2017 09:34
Last Modified:	10 Oct 2017 09:58
URI:	http://irep.iium.edu.my/id/eprint/54444

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