Islamic project financing implementation for sustainable infrastructure development in Indonesia
Rarasati, Ayomi Dita, Too, Eric, Trigunarsyah, Bambang, & Cheung, Yan Ki Fiona (2012) Islamic project financing implementation for sustainable infrastructure development in Indonesia. In Suthanaya, Putu Alit, Kumara, I. Nyoman Satya, Suardana, Ngakan Putu Gede, Ciawi, Yenni, & Jayanti, Dewi (Eds.) Proceeding of the 2nd International Conference on Sustainable Technology Development, Udayana University Press, Denpasar, Bali, C24-C32.
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.
Impact and interest:
Citation counts are sourced monthly from and citation databases.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
|Item Type:||Conference Paper|
|Additional Information:||Yan Ki Fiona Cheung is the maiden name of Fiona Lamari|
|Keywords:||Islamic project financing, Indonesia, infrastructure development|
|Subjects:||Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CIVIL ENGINEERING (090500) > Infrastructure Engineering and Asset Management (090505)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > International Economics and International Finance (140210)
|Divisions:||Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
|Copyright Owner:||Copyright 2012 [please consult the author]|
|Deposited On:||29 Nov 2012 22:54|
|Last Modified:||24 Mar 2014 01:51|
Repository Staff Only: item control page