Loading...
Please wait, while we are loading the content...
Similar Documents
The obstacles in developing Indonesia’s sovereign sukuk
| Content Provider | Scilit |
|---|---|
| Author | Laila, N. Hasib, F. F. Anshori, M. |
| Copyright Year | 2018 |
| Description | As sharia finance is growing in Indonesia, the sovereign sukuk has an important role in encouraging the growth of sharia finance. As a financial instrument, the sovereign sukuk is expected to enhance the government's capacity in infrastructure development. However, the development of the sovereign sukuk in Indonesia is relatively low compared to the global sukuk trend. This research study aims to find out the problems and the solutions in developing the sovereign sukuk in Indonesia. The method used in this research is a qualitative method using a case study. The research data is gathered from a literature review and in-depth interviews with Bank Indonesia, Islamic fiqh experts, academics, and practitioners. The results of this research are several strategies that can be used to enhance the development of the sovereign sukuk in Indonesia.This chapter explores the problems and the solutions in developing the sovereign sukuk in Indonesia. The issuance of sukuk is widely supported by various sharia finance institutions, so that there is rapid development in the aspects of issuing denominations and various structures of sukuk. Sovereign sukuk in Indonesia does not only include sukuk issued by corporations, but also those published by the government. The issuance of the sovereign sukuk series Islamic Fixed Rate has successfully managed to obtain high interest rates from investors. The number of sukuk issued by the government varies from the project financing sukuk to the global sukuk. The government issued the Sharia Sovereign Treasury Sukuk through an auction method. According to Sigit Pramono, the challenges in developing sukuk are: operational aspects; regulations and infrastructure; fiqh provision and formal laws; and integrity of Special Purpose Vehicle legal status. Book Name: Increasing Management Relevance and Competitiveness |
| Related Links | https://content.taylorfrancis.com/books/download?dac=C2017-0-61685-1&isbn=9781351241892&format=googlePreviewPdf |
| Ending Page | 334 |
| Page Count | 6 |
| Starting Page | 329 |
| DOI | 10.1201/9781351241892-61 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2018-04-17 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Increasing Management Relevance and Competitiveness Finance Indonesia Structures Sharia Islamic Sovereign Sukuk Global Sukuk |
| Content Type | Text |
| Resource Type | Chapter |
