Constraints and strategies for municipal Sukuk issuance in Indonesia

Mawardi, Imron; Widiastuti, Tika; Mustofa, Muhammad

doi:10.1108/jiabr-03-2021-0082

Cited by 10 publications

(8 citation statements)

References 35 publications

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“…The results of Focus Group Discussion (FGD) and in-depth Interviews with Islamic Social Finance experts from representatives of academics, associations, regulators, and practitioners develop the ANP framework. The purpose is to obtain information on program management from various perspectives [ 82 ]. The study conducted three FGDs and two in-depth interviews.…”

Section: Methodsmentioning

confidence: 99%

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

et al. 2022

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Several previous studies state that the Islamic Social Finance program has not fully succeeded in creating prosperity, and there are no definite measurements to show the sustainability impact of the program. Thus, a measurement is needed to analyze various aspects in achieving the success and sustainability of Islamic social finance programs. This study developed an index for performance evaluation with an emphasis on the success and sustainability of the Islamic Social Finance program. The study used the Analytical Network Process to determine and analyze priority components. Furthermore, the Multistage Weighted Index method was used to calculate the final index score. The index was built by taking into consideration various factors, stakeholders, aspects, and indicators. This study indicates that aspects of funding contribution from donors (0.22), involvement of donors in giving advice (0.99), and controlling of supervisor (0.08) are priority aspects in the success and sustainability of the program. An empirical investigation was performed on three different programs in Indonesia: A, B, and C. Program A (0.81) and C (0.80) have succeeded in improving the beneficiaries’ quality of life to the level of economic resilience, although at a low level of sustainability (76–84.33). On the other hand, program B (0.73) is at the economic reinforcement and has not yet achieved sustainability. This index can be seen as a comprehensive tool for measuring the success and sustainability of the program at several levels.

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Section: Methodsmentioning

confidence: 99%

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

et al. 2022

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“…As represented by the House of Representatives of the Republic of Indonesia and the Ministry of Social Affairs, the Indonesian Government is referred to as the Regulator group. The information gathered during the data collection process is the expert opinion of each group, which is then arranged into a questionnaire format using Super Decisions software (Mawardi et al , 2022). ANP research has three steps: decomposition, pairwise comparison and analysis.…”

Section: Methodsmentioning

confidence: 99%

Mitigating the impact of Covid-19: Social Safety Net from Islamic perspective

Widiastuti

Rusgianto²,

Mawardi³

et al. 2022

IJOES

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Purpose This study aims to propose priority solutions for mitigating the impact of the Covid-19 pandemic through the Social Safety Net (SSN) based on the Islamic objectives. Design/methodology/approach The analytic network process method is used in this study. Focus group discussions and in-depth interviews with relevant stakeholders were used to collect data and supplemented by a literature review to explore comprehensive information. Findings The findings indicate different opinions among experts, including regulators, practitioners, associations and academics regarding the most important priority solutions to the impact of Covid-19. However, experts agree that the highest priority solution is the SSN program in the lineage sector, specifically the distribution of the Family Hope Program. A program in the field of protecting the mind is the second priority solution. The program in the field of soul and wealth is the third priority solution. Originality/value This study contributes to the development of government policy to deal with the socioeconomic impact of Covid-19 based on the Islamic objectives by mapping the SSN through the five elements of protection, namely, faith, soul, mind, lineage and wealth protection based on priority solution.

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“…The Indonesian government has been proactive in developing a conducive regulatory environment for Islamic finance, including Sukuk issuance. The Financial Services Authority of Indonesia (OJK) plays a crucial role in regulating and supervising Islamic financial institutions and products, including Sukuk (Mawardi et al, 2022). Indonesian government, corporates, and state-owned enterprises (SOEs) have been active in issuing Sukuk to finance various infrastructure projects, budget deficits, and business expansions.…”

Section: Figure 5: Bibliometric Index Mappingmentioning

confidence: 99%

Sukuk Development in Indonesia: VosViewer Application

Puspita

2024

ICM

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The concept of sharia-based finance is currently growing rapidly. One form of Islamic financial instrument that has been widely issued by both corporations and countries is sukuk. Sukuk is one of the most innovative product forms in the development of the contemporary Islamic financial system. It can be concluded that sukuk is an alternative source of funding, especially for governments and corporate companies. The growth of sukuk has increased sharply compared to other Islamic financial instruments, the growth reached 84% per year if analyzed from 2001 to 2007. Thus, sukuk has developed into one of the most important mechanisms in improving finance in the international capital market through an Islamic acceptable structure. This study aims to determine the development of Sukuk in Indonesia research trends published by leading journals on Islamic financial economics. The data analyzed consisted of 47 indexed research publications. The data was then processed and analyzed using the VoSviewer application to find out the bibliometric map of Sukuk in Indonesia research development.

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Constraints and strategies for municipal Sukuk issuance in Indonesia

Cited by 10 publications

References 35 publications

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

Toward developing a sustainability index for the Islamic Social Finance program: An empirical investigation

Mitigating the impact of Covid-19: Social Safety Net from Islamic perspective

Sukuk Development in Indonesia: VosViewer Application

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