Pengaruh Rasio Profitabilitas, Likuiditas, Dan Solvabilitas Terhadap Peringkat Obligasi Syariah (Sukuk)

  • Frivanty Ekatiarta Nuriman Universitas Singaperbangsa Karawang, Karawang
  • Dian Hakip Nurdiyansyah Universitas Singaperbangsa Karawang


This study aims to determine the effect of ratio profitability, liquidity and leverage on sharia bond rating (sukuk). The research method in this study uses a quantitative apporoach. There were 13 companies that were used as populations in this study and by using a purposive sampling technique 4 sampels were also obtained. The statistical methods taken in the study are multiple regression analysis using classic assumption test. Based on the variable T test of profitability, it obtained tcount 2.974 > ttable 2.030 and significant value of 0.004 < 0.05. It means that return on asset positively and partially affected sukuk rating. Liquidity obtained tcount -8.927 < ttable 2.030 and significant value of 0.000 < 0.05. It means that Current Ratio partially affected sukuk rating. Leverage ratio obtained tcount 3.362 > ttable 2.030 and significant value of 0.001 < 0.05. It means that Debt to Equity Ratio partially affected sukuk rating. Furthermore, analysis of F test obtained fcount 26.800 > ftable 2.76 and significant value obtained was 0.000 < 0.05 which means that independent variable simultaneously affected sukuk rating.

 Keywords: Profitability, Liquidity, Leverage and Rating Sukuk


Al Haraqi, M. S., & Ningsih, E. S. (2017). Pengaruh Return on Asset, Secure dan Maturity terhadap Rating Sukuk.” Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi 2: 116–24.
Azzatillah, P., & Ika, M. (2019). Sukuk Yield : Secure and Maturity through Sukuk Rating. Internasional Journal of Research in Business Studies and Management 6(4): 21–28.
Hassan, M. K., Andrea, P., Dreassi, A., Miani, S., & Sclip, A. (2018). The Determinants of Co-Movement Dynamics between Sukuk and Conventional Bonds. Quarterly Review of Economics and Finance 68: 73–84.
Mardiah, G., Malik, Z.A., & Nurdin. (2016). Pengaruh Likuiditas , Profitabilitas Dan Leverage Terhadap Peringkat Sukuk ( Penelitian terhadap Perusahaan-Perusahaan Yang Menerbitkan Sukuk dan Terdaftar di Bursa Efek Indonesia Selama Periode...
Qizam, I., & Fong, M. (2019). Developing Financial Disclosure Quality in Sukuk and Bond Market: Evidence from Indonesia, Malaysia, and Australia. Borsa Borsa Istanbul Review 19(3):228–48.
Sugiyono. (2017). Metodelogi Penelitian Bisnis. Ketiga. Bandung: Alfabeta
Utami, D. E. (2019). Identifiying Financial and Non Financial Factors as the Determinant of Sukuk in Indonesia.” journal of Economics and Business 4:1–14.
Utami, D. E., & Zulfa, I. (2018). Issuers’ Insight for Identifying Choice of Sukuk Structuring. Jurnal Keuangan dan Perbankan 22(4): 680–93.
Widiastuty, T. (2017). Pengaruh Ukuran Perusahaan, Umur Perusahaan, Leverage dan Umur Sukuk Terhadap Peringkat Sukuk. Jurnal Riset Akuntansi 9: 21–33.
Winanti, E., Titisari, H., & Nurlela, S. (2017). Pengaruh Rasio Likuiditas, Rasio Produktivitas, Rasio Profitabilitas, dan Rasio Solvabilitas terhadap Peringkat Sukuk. Jurnal Akuntansi dan Pajak 18(01): 130-39.
How to Cite
Nuriman, F., & Nurdiyansyah, D. H. (2021). Pengaruh Rasio Profitabilitas, Likuiditas, Dan Solvabilitas Terhadap Peringkat Obligasi Syariah (Sukuk). COSTING : Journal of Economic, Business and Accounting, 4(2), 801-808.
Abstract viewed = 1 times
PDF downloaded = 2 times