Islamic project financing implementation for sustainable infrastructure development in Indonesia

Paper

Rarasati, Ayomi Dita, Too, Eric, Trigunarsyah, Bambang and Cheung, Fiona. 2012. "Islamic project financing implementation for sustainable infrastructure development in Indonesia." Suthanaya, Putu Alit, Kumara, Nyoman Satya, Suardana, Ngakan Putu Gede, Ciawai, Yenni and Jayanti, Dewi (ed.) 2nd International Conference on Sustainable Technology Development (ICSTD 2012): Developing Sustainable Technology for a Better Future. Denpasar, Indonesia 31 Oct - 02 Nov 2012 Denpasar, Indonesia.
Paper/Presentation Title

Islamic project financing implementation for sustainable infrastructure development in Indonesia

Presentation TypePaper
AuthorsRarasati, Ayomi Dita (Author), Too, Eric (Author), Trigunarsyah, Bambang (Author) and Cheung, Fiona (Author)
EditorsSuthanaya, Putu Alit, Kumara, Nyoman Satya, Suardana, Ngakan Putu Gede, Ciawai, Yenni and Jayanti, Dewi
Journal or Proceedings TitleProceedings of the 2nd International Conference on Sustainable Technology Development (ICSTD 2012)
Number of Pages9
Year2012
Place of PublicationDenpasar, Indonesia
ISBN9786027776067
Web Address (URL) of Paperhttp://icstd.unud.ac.id/index.php
Conference/Event2nd International Conference on Sustainable Technology Development (ICSTD 2012): Developing Sustainable Technology for a Better Future
Event Details
2nd International Conference on Sustainable Technology Development (ICSTD 2012): Developing Sustainable Technology for a Better Future
Event Date
31 Oct 2012 to end of 02 Nov 2012
Event Location
Denpasar, Indonesia
Abstract

Islamic financing in Indonesia infrastructure projects development has not been optimally implemented. Therefore this paper serves as a catalyst to explore alternative financial scheme such as Islamic financing for infrastructure development. The purpose of this paper is to explore the enablers and barriers in implementing Islamic project financing for public infrastructure development. The findings are then culminated into enablers and barriers in the implementation of Islamic project financing. The two main enablers are the readily availability of huge fund that can be used to support infrastructure projects; and the acceptability of the concept of shariah-compliant financing. On the other hand, the barriers include: high cost of funding; lack of financial institution capability; lack of government policy and regulation; insufficient government support and commitment; conflict between infrastructure and Islamic finance business practices; profit oriented mindset; lack of understanding of Islamic project financing knowledge in infrastructure; and insufficient project preparation.

KeywordsIslamic project financing; Indonesia; infrastructure development
ANZSRC Field of Research 2020400508. Infrastructure engineering and asset management
380110. International economics
440703. Economic development policy
Public Notes

Copyright 2012 [please consult the author]

Byline AffiliationsQueensland University of Technology
School of Management and Marketing
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q1w10/islamic-project-financing-implementation-for-sustainable-infrastructure-development-in-indonesia

Log in to edit

Download files

Published Version
Rarasati_Too_Trigunarsyah_Cheung_STD2012_PV.pdf
File access level: Anyone

Other Documentation
ICSTD2012.pdf
File access level: Anyone

  • 2014
    total views
  • 783
    total downloads
  • 1
    views this month
  • 2
    downloads this month

Export as

Related outputs

Assessment of requirements for establishment of a framework to enhance implementation of quality practices in building projects
Heravitorbati, Amirhossein, Coffey, Vaughan and Trigunarsyah, Bambang. 2011. "Assessment of requirements for establishment of a framework to enhance implementation of quality practices in building projects." International Journal of Innovation, Management and Technology. 2 (6), pp. 465-470.
Relevant of business ethics in higher education programme
Too, Eric G.. 1999. "Relevant of business ethics in higher education programme." Singapore Polytechnic Journal of Teaching Practice .
Implementing design build project delivery system in Indonesia road infrastructure projects
Parami Dewi, Anak Agung Diah, Too, Eric and Trigunarsyah, Bambang. 2011. "Implementing design build project delivery system in Indonesia road infrastructure projects ." CIB Working Commission 107: Construction In Developing Countries: Innovation and Sustainable Construction. Hanoi, Vietnam 01 - 03 Nov 2011 London, United Kingdom.
Curriculum and pedagogical changes and challenges in the Department of Civil Engineering and Building: A personal perspective
Too, Eric. 2000. "Curriculum and pedagogical changes and challenges in the Department of Civil Engineering and Building: A personal perspective." Singapore Polytechnic Journal of Teaching Practice (JTP).
Evaluating the level of stakeholder involvement during the project planning processes of building projects
Heravi, Amirhossein, Coffey, Vaughan and Trigunarsyah, Bambang. 2015. "Evaluating the level of stakeholder involvement during the project planning processes of building projects." International Journal of Project Management. 33 (5), pp. 985-997. https://doi.org/10.1016/j.ijproman.2014.12.007
The management of project management: a conceptual framework for project governance
Too, Eric G. and Weaver, Patrick. 2014. "The management of project management: a conceptual framework for project governance ." International Journal of Project Management. 32 (8), pp. 1382-1394. https://doi.org/10.1016/j.ijproman.2013.07.006
Sharia-compliant financing in Indonesia infrastructure projects
Rarasati, Ayomi Dita, Trigunarsyah, Bambang and Too, Eric. 2013. "Sharia-compliant financing in Indonesia infrastructure projects." Sofyan, Bondan T. (ed.) 13th International Conference on Quality in Research (QiR 2013): Exploring Innovation for Enhancement of Human Life and Environment. Yogyakarta, Indonesia 25 - 28 Jun 2013 Semarang, Indonesia.
The opportunity for implementing Islamic project financing to the Indonesian infrastructure development
Rarasati, Ayomi Dita, Trigunarsyah, Bambang and Too, Eric. 2013. "The opportunity for implementing Islamic project financing to the Indonesian infrastructure development." Gehlot, Rajat (ed.) International Islamic Finance Conference (IIFC 2013): Islamic Finance in a Changing World. Abu Dhabi, United Arab Emirates 14 - 16 Apr 2013 Bingley, United Kingdom.
Infrastructure asset management (IAM): evolution and evaluation
Too, Eric and Tay, Linda. 2008. "Infrastructure asset management (IAM): evolution and evaluation." Haigh, Richard and Amaratunga, Dilanthi (ed.) CIB International Conference on Building Education and Research (BEAR 2008): Building Resilience. Heritance Kandalama, Sri Lanka 11 - 15 Feb 2008
Building capabilities for infrastructure capacity management
Too, Eric, Betts, Martin and Kumar, Arun. 2009. "Building capabilities for infrastructure capacity management." Jaiswal, Sumeet and Wang, Liang (ed.) 2nd Infrastructure Theme Postgraduate Conference: Rethinking Sustainable Development: Planning, Infrastructure Engineering, Design and Managing Urban Infrastructure. Brisbane, Australia 26 Mar 2009 Brisbane, Australia.
Infrastructure asset management: the challenges and approaches
Too, Eric G.. 2010. "Infrastructure asset management: the challenges and approaches." Wang, Yaowu, Yang, Jay, Shen, Geoffrey Q. P. and Wong, Johnny (ed.) 8th International Conference on Construction and Real Estate Management (ICCREM 2010): Major Infrastructure Procurement: Addressing the Constraints . Brisbane, Australia 01 - 03 Dec 2010 [Brisbane, Australia].
Effectiveness of constructability concept in the provision of infrastructure assets
Saghatforoush, E., Trigunarsyah, B., Too, E. and Heravitorbati, A.. 2011. "Effectiveness of constructability concept in the provision of infrastructure assets." Cowled, Craig J. L. (ed.) 1st International Postgraduate Conference on Engineering, Designing and Developing the Built Environment for Sustainable Wellbeing (eddBE 2011). Brisbane, Australia 27 - 29 Apr 2011 Brisbane, Australia.
Extending constructability concept to include operation and maintenance issues
Saghatforoush, Ehsan, Trigunarsyah, Bambang, Too, Eric G. and Heravitorbati, Amirhossein. 2011. "Extending constructability concept to include operation and maintenance issues." Preece, C. N., Fathi, M. S., Padfield, R., Papargyropoulou, E., BinAbdullah, M. M. and Rogers, J. (ed.) 1st International Construction Business & Management Symposium (ICBMS2011). Kuala Lumpur, Malaysia 21 - 22 Sep 2011 Kuala Lumpur, Malaysia.
Strategic infrastructure asset management: the way forward
Too, Eric G.. 2011. "Strategic infrastructure asset management: the way forward ." Mathew, Joseph, Ma, Maode, Tan, Andy, Weijnen, Margot and Lee, Jay (ed.) 5th World Congress on Engineering Asset Management (WCEAM 2010): Engineering Asset Management and Infrastructure Sustainability. Brisbane, Australia 25 - 27 Oct 2010 London, United Kingdom. https://doi.org/10.1007/978-0-85729-493-7_73
Sustainability factors in industrialised building system
Yunus, Riduan, Yang, Jay and Too, Eric. 2011. "Sustainability factors in industrialised building system." Raasakka, Ville (ed.) World Sustainable Building Conference (SB11): Sharing Knowledge to Improve Life for all. Helsinki, Finland 18 - 21 Oct 2011 Rotterdam, The Netherlands .
Project governance in Malaysia hillside developments
Too, Eric G., Adnan, Najwa and Trigunarsyah, Bambang. 2011. "Project governance in Malaysia hillside developments." Ahmed, Syed, Adnan, Hamimah, Panthi, Kamalesh, Azhar, Salman, Takim, Roshana and Bozai, Gazan (ed.) 6th International Conference on Construction in the 21st Century (CITC-6). Kuala Lumpur, Malaysia 05 - 07 Jul 2011 Greenville, NC. United States.
Green buildings: a framework for social sustainability
Too, Linda and Too, Eric G.. 2011. "Green buildings: a framework for social sustainability." Ahmed, Syed, Adnan, Hamimah, Panthi, Kamalesh, Azhar, Salman, Takim, Roshana and Bozai, Gazan (ed.) 6th International Conference on Construction in the 21st Century (CITC-6). Kuala Lumpur, Malaysia 05 - 07 Jul 2011 Greenville, NC. United States.
Sustainable infrastructure assets: capability for infrastructure capacity management
Too, Eric, Betts, Martin and Kumar, Arun. 2011. "Sustainable infrastructure assets: capability for infrastructure capacity management." Green technologies: concepts, methodologies, tools and applications, vol. 2. Hershey, PA. United States . IGI Global. pp. 1034-1043
Sustainable infrastructure assets: capability for infrastructure capacity management
Too, Eric G., Betts, Martin and Kumar, Arun. 2010. "Sustainable infrastructure assets: capability for infrastructure capacity management." Yigitcanlar, Tan (ed.) Rethinking sustainable development: urban management, engineering, and design. Hershey, PA. United States. IGI Global. pp. 296-305
A framework for strategic infrastructure asset management
Too, Eric G.. 2010. "A framework for strategic infrastructure asset management." Amadi-Echendu, Joe E., Brown, Kerry, Willett, Roger and Mathew, Joseph (ed.) Definitions, concepts and scope of engineering asset management. London, United Kingdom. Springer. pp. 31-62
Factors contributing to design-build (DB) project delivery system implementation in road infrastructure projects in Indonesia
Parami Dewi, Anak, Trigunarsyah, Bambang, Too, Eric and Coffey, Vaughan. 2012. "Factors contributing to design-build (DB) project delivery system implementation in road infrastructure projects in Indonesia." Ahmed, Syed M. (ed.) 3rd International Conference on Construction in Developing Countries (ICCIDC 2012): Advancing Civil, Architectural, and Construction Engineering and Management. Bangkok, Thailand 04 - 06 Jul 2012 Greenville, NC. United States.
Strategic infrastructure asset management: a conceptual framework to identify capabilities
Too, Eric and Too, Linda. 2010. "Strategic infrastructure asset management: a conceptual framework to identify capabilities." Journal of Corporate Real Estate. 12 (3), pp. 196-208. https://doi.org/10.1108/14630011011074795
Globalisation and corporate real estate strategies
Too, Linda, Harvey, Michael and Too, Eric. 2010. "Globalisation and corporate real estate strategies." Journal of Corporate Real Estate. 12 (4), pp. 234-248. https://doi.org/10.1108/14630011011094676
Assessment of operability and maintainability success factors in provision of extended constructability principles
Saghatforoush, Ehsan, Trigunarsyah, Bambang and Too, Eric. 2012. "Assessment of operability and maintainability success factors in provision of extended constructability principles." 9th International Congress on Civil Engineering. Isfahan, Iran 08 - 10 May 2012
Capability model to improve infrastructure asset performance
Too, Eric G.. 2012. "Capability model to improve infrastructure asset performance." Journal of Construction Engineering and Management. 138 (7), pp. 885-896. https://doi.org/10.1061/(ASCE)CO.1943-7862.0000489
Infrastructure asset: developing maintenance management capability
Too, Eric. 2012. "Infrastructure asset: developing maintenance management capability." Facilities. 30 (5/6), pp. 234-253. https://doi.org/10.1108/02632771211208503
Capability for infrastructure asset capacity management
Too, Eric G.. 2011. "Capability for infrastructure asset capacity management." International Journal of Strategic Property Management. 15 (2), pp. 139-151. https://doi.org/10.3846/1648715X.2011.582749
Examination of process to develop a framework for better implementation of quality practices in building projects
Heravitorbati, Amirhossein, Coffey, Vaughan, Trigunarsyah, Bambang and Saghatforoush, Ehsan. 2011. "Examination of process to develop a framework for better implementation of quality practices in building projects." 2nd International Conference on Construction and Project Management 2011 (ICCPM2011). Singapore 16 - 18 Sep 2011 Singapore.
Evaluating the influences of stakeholder management on construction project quality
Heravitorbati, Amirhossein, Coffey, Vaughan, Trigunarsyah, Bambang and Saghatforoush, Ehsan. 2011. "Evaluating the influences of stakeholder management on construction project quality." Preece, C. N., Fathi, M. S., Padfield, R., Papargyropoulou, E., BinAbdullah, M. M. and Rogers, J. (ed.) 1st International Construction Business & Management Symposium (ICBMS2011). Kuala Lumpur, Malaysia 21 - 22 Sep 2011 Kuala Lumpur, Malaysia.