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
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