The opportunity for implementing Islamic project financing to the Indonesian infrastructure development

Paper

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.
Paper/Presentation Title

The opportunity for implementing Islamic project financing to the Indonesian infrastructure development

Presentation TypePaper
AuthorsRarasati, Ayomi Dita (Author), Trigunarsyah, Bambang (Author) and Too, Eric (Author)
EditorsGehlot, Rajat
Journal or Proceedings TitleProceedings of the International Islamic Finance Conference (IIFC 2013)
Number of Pages6
Year2013
Place of PublicationBingley, United Kingdom
Web Address (URL) of Paperhttp://www.islamicandmiddleeasternfinance.com/index.htm
Conference/EventInternational Islamic Finance Conference (IIFC 2013): Islamic Finance in a Changing World
Event Details
International Islamic Finance Conference (IIFC 2013): Islamic Finance in a Changing World
Event Date
14 to end of 16 Apr 2013
Event Location
Abu Dhabi, United Arab Emirates
Abstract

Purpose – The purpose of this paper is to explore the opportunity of Islamic project financing implementation for public infrastructure development in Indonesia.

Design/methodology/approach – This paper, firstly, reviewed existing literature on Islamic finance to explore the applicability of Islamic financing in infrastructure development. This is followed by reviewing Indonesia's government policies and regulations in infrastructure industry and Islamic financing.

Findings – Government policies and regulations support the implementation of Islamic project financing in infrastructure. However, the current regulations do not cover Islamic project financing scheme and instruments for infrastructure project. Therefore, there is a need to improve those policies and regulations to bridge the gap of infrastructure business and Islamic financing.

Research limitations/implications – The result reported comprises the preliminary study of Islamic project financing framework development for Indonesia infrastructure projects.

Practical implication – 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.

Originality/value – This paper highlights possibilities and obstacles in applying Islamic scheme to infrastructure project financing. This provides a framework to analyse the steps to implement Islamic financing successfully in infrastructure development.

KeywordsIslamic project financing; Indonesia; public infrastructure; investment
ANZSRC Field of Research 2020350202. Finance
400508. Infrastructure engineering and asset management
359999. Other commerce, management, tourism and services not elsewhere classified
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

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