Evaluation of Implementing Sukuk for Infrastructure Financing in Indonesia Using the Analytic Network Process

Fauziah, Syifa and Nurwahidin, Nurwahidin and Huda, Nurul (2021) Evaluation of Implementing Sukuk for Infrastructure Financing in Indonesia Using the Analytic Network Process. In: ICE-BEES 2020, 22-23 July 2020, Semarang, Indonesia.

[thumbnail of PDF]
Preview
Text (PDF)
eai.22-7-2020.2307872.pdf - Published Version

Download (532kB) | Preview

Abstract

The Indonesian government has used sukuk to finance infrastructure since 2013. However, the issuance of sukuk for infrastructure financing is still low compared to the total value of available underlying assets because of many problems and barriers. This study aims to identify priority problems, solutions and strategies in the implementation of sukuk for infrastructure financing from the obligor perspective. The research uses analytic network process method. The results show that the priority of the problem is the low maximum limit for the issuance of sukuk for infrastructure, market risk, the realization of sukuk issuance for infrastructure is still low, the low sukuk market share compared to bonds, monitoring and evaluation of the use of funds is not optimal. The priority of the solution is to push to complete the project on time so that the burden of costs does not increase, increase the maximum limit for issuance of sukuk, increase the issuance of sukuk for infrastructure investment, optimize monitoring and evaluation of the use of funds, open up broad opportunities for foreign investors. The priority strategies are Synergy, innovation, and the use of IT.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: sukuk infrastructure financing islamic finance anp
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 22 Jul 2021 13:50
Last Modified: 22 Jul 2021 13:50
URI: https://eprints.eudl.eu/id/eprint/5000

Actions (login required)

View Item
View Item