Islamic project financing implementation for sustainable infrastructure development in Indonesia

Rarasati, Ayomi Dita and Too, Eric and Trigunarsyah, Bambang and Cheung, Fiona (2012) Islamic project financing implementation for sustainable infrastructure development in Indonesia. In: 2nd International Conference on Sustainable Technology Development (ICSTD 2012): Developing Sustainable Technology for a Better Future, 31 Oct-2 Nov 2012, Denpasar, Bali, Indonesia.

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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.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: Copyright 2012 [please consult the author]
Faculty / Department / School: Historic - Faculty of Business and Law - School of Management and Marketing
Date Deposited: 08 May 2013 01:50
Last Modified: 04 Sep 2017 23:37
Uncontrolled Keywords: Islamic project financing; Indonesia; infrastructure development
Fields of Research : 09 Engineering > 0905 Civil Engineering > 090505 Infrastructure Engineering and Asset Management
14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
16 Studies in Human Society > 1605 Policy and Administration > 160505 Economic Development Policy
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910103 Economic Growth
URI: http://eprints.usq.edu.au/id/eprint/22850

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