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

Rarasati, Ayomi Dita, Trigunarsyah, Bambang, & Too, Eric G. (2014) The opportunity for implementing Islamic project financing to the Indonesian infrastructure development. In Beseiso, Fouad H. (Ed.) The Developing Role of Islamic Banking and Finance: From Local to Global Perspectives. Emerald Group Publishing Limited, Bingley, UK, pp. 103-116.

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Abstract

Purpose: This chapter discusses the opportunity of Islamic project financing implementation for public infrastructure development in Indonesia.

Design/Methodology/Approach: This chapter, firstly, reviewed existing literature on Islamic finance to explore the applicability of Islamic financing in infrastructure development. Interviews were conducted as the first stage of Delphi method approach. This was then followed by reviewing Indonesia’s government policies and regulations in infrastructure industry and Islamic financing.

Findings: This chapter enlightens the implementation of Islamic financing on infrastructure project financing in Indonesia. The findings indicate that the government policies and regulations on both infrastructure investment and Islamic financing support the implementation of Islamic project financing, whereas, an improvement is still needed in order to overarch infrastructure business and Islamic financing investment.

Research: Financing framework development for Indonesia infrastructure projects.

Limitations/Implications: The result reported comprises the preliminary study of Islamic project paper written based on published research papers and interviews. Furthermore, the data collected for the study are limited to the case of Indonesian infrastructure projects.

Practical Implication: Islamic financing in Indonesia infrastructure projects development has not been optimally implemented. Therefore, this chapter serves as a catalyst to explore alternative financial scheme such as Islamic financing for infrastructure development.

Originality/Value: This chapter 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.

Impact and interest:

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ID Code: 87477
Item Type: Book Chapter
Keywords: Islamic project financing, Indonesia, public infrastructure, investment
DOI: 10.1108/S1569-3759(2014)0000095015
ISBN: 9781783508174
ISSN: 1569-3759
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) > Financial Economics (140207)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2014 Emerald Group Publishing Limited
Deposited On: 15 Sep 2015 22:21
Last Modified: 14 Dec 2015 05:46

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