SUKUK NEGARA DAN PEMBANGUNAN INFRASTRUKTUR DI INDONESIA
DOI:
https://doi.org/10.15575/fsfm.v1i2.10761Keywords:
Infrastructure, Development, Financing, SBSN, Sovereign SukukAbstract
The economic growth of a country is strongly influenced by the availability of infrastructure that will support various economic activities. The need for the availability of funds and infrastructure development is a dilemma given the limited sources of state budget revenue. The issuance of Sovereign Sukuk (SBSN) is one of the government’s breakthrough to overcome this problem and is expected to be a solution option that can be used for infrastructure financing. This study aims to identify the development and contribution of Sovereign Sukuk (SBSN) for infrastructure development in Indonesia, include during the Covid-19 pandemic. From the results of data analysis using the library research method, its known that Sovereign Sukuk have a role as a source of APBN financing. The issuance of Sovereign Sukuk with various series of sukuk has contributed greatly to the develpoment of the various infrastructure projects in Indonesia. The total value of issuance and outstanding of Sovereign Sukuk also tends to increase every year which shows that Sovereign Sukuk is a financial instrument that is in demand by investors, both institutional investors and retail/individual investors because apart from being able to nvest, investors can also contribute to the country’s development.
References
Abdul, Dede.(2011). Perkembangan Obligasi Syariah (Sukuk) di Indonesia : Analisis Peluang dan Tantangan. Jurnal Al-‘Adalah Vol.X No.1 Januari 2011.
Adam, N.J.,(2005). Sukuk : A Panaceafor Converegence and Capital Market Developmnet in the OIC Cointries. Paper presented at 6th International Conference on Islamic Economics and Finance. Jakarta, November 21-24.
Amaliah, Ima & Tasya Aspiranti. (2017). State Sukuk Potential in Reducing Indonesia Budget Deficit 2009 – 2015. Journal of Economics, Business and Accountancy Venture Vol.20, No.1, April-July 2017, pages 21-30. DOI: 10.144/jebav.v20il
Ayub, N. (2005). Securitization, Sukuk, Fund Management Potential to be Realized by Islamic Financial Institutions. Paper presented at 6th international Conference on Islamic Economics and Finance, Jakarta, Indonesia, November 21-24.
Huda, Nurul & Mustafa Edwin.(2007). Investasi pada Pasar Modal Syariah. Jakarta : Kencana Prenada Media Group.
Karomah, Umi Yaumidin.(2008). Investasi Syariah Implementasi Konsep pada Kenyataan Empirik. (Sukuk : Sebuah Alteratif Instrumen Investasi). Yogyakarta : Kreasi Wacana.
Khotimah, Husnul (2017). Sukuk dan Kontribusinya dalam Pembiayaan Pembangunan. Optimal : Jurnal Ekonomi dan Kewirausahaan. Vol 11 no.1 2017 hal 83-103.
Prasetyo, Yoyok. (2017). Hukum Investasi dan Pasar Modal Syariah. Bandung : CV Mitra Syariah (Mina).
Pratiwi, Angrum dkk, (2017). Peran Sukuk Negara dalam Pembiayaan Infrastruktur. Al-Tijary Jurnal Ekonomi dan Bisnis Islam Vol 2. No.2 Hal 155-176. P-ISSN : 240-9404; E-ISSN : 2460-9412.
Direktorat Pembiayaan Syariah (DPS) & Direktorat Jenderal Pengelolaan Utang (DJPU) Kementerian Keuangan. Mengenal Sukuk : Instrumen Investasi Berbasis Syariah.
Direktorat Pembiayaan Syariah (DPS) & Direktorat Jenderal Pengelolaan Pembiayaan dan Resiko (DJPPR) Kementerian Keuangan (2017). Investasi Syariah Melalui Surat Berharga Syariah Negara (Sukuk Negara). Jakarta.
Direktorat Jenderal Pengelolaan Pembiayaan dan Resiko (DJPPR) Kementerian Keuangan. (2018). Pembiayaan Proyek Infrastruktur Melalui Penerbitan SBSN/Sukuk Negara. Bali.
Musari K & Ismail. (2019). Menggagas Sukuk Sebagai Instrumen Fiskal dan Moneter. Bisnis Indonesia Daily Newspaper.
Suminto, (2015). Sukuk Negara. Jakarta : Direktorat Jenderal Pengelolaan Risiko.
Tim Otoritas Jasa Keuangan dan Pasar Modal Syariah. Mengenal Pasar Modal Syariah.
Website
Direktorat Jenderal Pengelolaan Pembiayaan dan Resiko (DJPPR) Kementerian Keuangan, https://www.djppr.kemenkeu.go.id/
Hariyanto, Eri. Peran Strategdis Sukuk Negara Ditjen Pengelolan Pembiayaan dan Resiko, Kementerian Keuangan. https://www.djppr.kemenkeu.go.id
________, Eri. Peluang Pembiayaan Infrastruktur Melalui Sukuk Negara. Ditjen Pengelolan Pembiayaan dan Resiko, Kementerian Keuangan. https://www.djppr.kemenkeu.go.id
Kementerian Keuangan. RAPBN 2019.https://www.kemenkeu.go.id/rapbn2019
¬¬¬¬¬________, Alokasi Pembiayaan Proyek SBSN tahun 2019 meningkat Menjadi Rp. 28,43 Triliun. https://www.kemenkeu.go.id/publikasi/siaran-pers/keterangan-pers-alokasi-pembiayaan-proyek-sbsn-tahun-2019-meningkat-menjadi-rp28-43-triliun/
Otoritas Jasa Keuangan (OJK). https://www.ojk.go.id/id/kanal/syariah/
Otoritas Jasa Keuangan (OJK). Laporan Perkembangan Keuangan Syariah (LPKSI) 2019. https://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/laporan-perkembangan-keuangan-syariah-indonesia/default.aspx
Undang-Undang No.19 Tahun 2018 tentang Surat Berharga Syariah Negara
Peraturan Otoritas Jasa Keuangan (POJK) Nomor 18/POJK.04/2015 tentang Penerbitan dan Persyaratan Sukuk
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).