ANALISIS PERBANDINGAN IMBAL HASIL SUKUK MUDHARABAH DAN OBLIGASI KONVENSIONAL (STUDI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2011-2014)
ABSTRACTThis study is aimed to observing the difference return between Mudarabah Islamic bonds and conventional bonds basedon the nominal yield, current yield and yield to maturity. Tests werecarried out using a homogeneity of variance test (F-test) and t-testanalysis. From the results of statistical analysis using t-test with asignificant level of 5%, it can be concluded that there is nosignificant performance difference between Mudarabah Islamicbonds and conventional bonds. Then based on the average value ofthe variable calculation return of bonds, the result indicate thatMudarabah has a better return than conventional bonds.Mudarabah Islamic bonds provides an average income for yield of96% whereas the conventional bonds were only able to provide anaverage fee of 90%. Mudarabah Islamic bond also has a bettercurrent yield by 17% compared to the conventional bonds mountingto 12%. On the other hand, the average of yield to maturity rateMudarabah Islamic bonds was at 17% and the average of yield tomaturity rate conventional bonds was at 11%. Keywords: Comparison, Return, Bonds, Mudarabah andConventiona
