TY - CHAP
T1 - The opportunity for implementing islamic project financing to the Indonesian infrastructure development
AU - Rarasati, Ayomi Dita
AU - Trigunarsyah, Bambang
AU - Too, Eric
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
KW - Indonesia
KW - Investment
KW - Islamic project financing
KW - Public infrastructure
UR - http://www.scopus.com/inward/record.url?scp=84904756667&partnerID=8YFLogxK
U2 - 10.1108/S1569-3759(2014)0000095015
DO - 10.1108/S1569-3759(2014)0000095015
M3 - Chapter
AN - SCOPUS:84904756667
SN - 9781783508174
T3 - Contemporary Studies in Economic and Financial Analysis
SP - 103
EP - 116
BT - The Developing Role of Islamic Banking and Finance
PB - Emerald Group Publishing Ltd.
ER -