Islamic financing for infrastructure projects and its implementation barriers

Rarasati, A, Trigunarsyah, B, Too, E, Lamari, F and Bahwal, F 2019, 'Islamic financing for infrastructure projects and its implementation barriers', in Reini D. Wirahadikusumah, Budi Hasiholan, Patria Kusumaningrum (ed.) Proceedings of the 2nd Conference for Civil Engineering Research Networks (ConCERN-2 2018) Volume 270, Bandung, Indonesia, 27-29 November 2018, pp. 1-8.


Document type: Conference Paper
Collection: Conference Papers

Title Islamic financing for infrastructure projects and its implementation barriers
Author(s) Rarasati, A
Trigunarsyah, B
Too, E
Lamari, F
Bahwal, F
Year 2019
Conference name ConCERN-2 2018: Researches and Developments in Civil Engineering Technologies for Future Challenges of Asia-Pacific Infrastructure Developments
Conference location Bandung, Indonesia
Conference dates 27-29 November 2018
Proceedings title Proceedings of the 2nd Conference for Civil Engineering Research Networks (ConCERN-2 2018) Volume 270
Editor(s) Reini D. Wirahadikusumah, Budi Hasiholan, Patria Kusumaningrum
Publisher Web of Conferences - EDP Sciences
Place of publication France
Start page 1
End page 8
Total pages 8
Abstract Research on Islamic project financing in infrastructure conducted predominantly in Islamic countries and developed countries showed its many benefits. This particular research focuses on Indonesia. As a developing country with a majority of Muslim population, it is reasonable to expect that Islamic project financing may also be a suitable option for financing alternatives in Indonesian infrastructure development. This paper aims to identify the barriers to implementing Islamic financing for infrastructure project development. A Delphi study was conducted to gather the views and opinions of an expert panel. The study found that the main barriers to implementing Islamic project financing are a lack of understanding of the Islamic project financing concept, a resistance to using Islamic finance, and investors' behavior and characteristics, such as a profit-oriented mind-set and risk avoidance, which might affect the infrastructure stakeholders' preference for using a sharia-compliant scheme.
Subjects Building Construction Management and Project Planning
Infrastructure Engineering and Asset Management
Keyword(s) infrastructure projects
islamic financing
DOI - identifier 10.1051/matecconf/201927006005
Copyright notice © 2019 The Authors, published by EDP Sciences. This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0/).
ISSN 2261-236X
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