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Journal : Journal of Islamic Business and Economic Review (JIBER)

The Role of Islamic Bonds (Sukuk) toward Indonesia Economy Darania Anisa; Rudi Santoso
Journal of Islamic Business and Economic Review Vol 3, No 1 (2020): January, 2020
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Islam Lampung

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Abstract

The development of Islamic bonds (sukuk) has a great potential. Islamic bonds (sukuk) is an investment instrument which can be utilized by the government to build nation economy and create public welfare. In 2019, the total value of sukuk emissions amounted IDR 48,240.40 billion with an sukuk outstanding value of IDR 30,203.50 billion from a total of 145 corporate sukuk circulating on the Islamic capital market. The role of Islamic bonds (sukuk) for the government in increasingly important, especially as an alternative source of funding for the state budget. Of course, if national development in Indonesia uses sukuk, it will be better direct debt. At least, the orientation of the issuance of state Islamic bonds (sukuk) is based on three things: 1) infrastructure development, 2) labor-intensive sectors, 3) and, optimization of potential.
Implementation of Endowment as Arising of People's Economy Darania Anisa; Adib Fachri
Journal of Islamic Business and Economic Review Vol 2, No 1 (2019): January, 2019
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Islam Lampung

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Abstract

The appearance of poverty is caused by discrepancy or gap regarding to land and asset ownership in Indonesia. Rich people in Indonesia dominate almost 70 percent of land, whereas 99 percent of people acquire only 30 percents of and. In this case, the utilization of waqf/endowment land can become a solution to develop economy and poverty alleviation. The existence of the law Number 41 Year 2004 about endowment/waqf gives the juridical foundation for endowment implementation, either endowment of fixed asset and building, or form of money. Endowment implementation should encompass productivity factor ad consumptive factor in society, so it can give positive impact for public welfare.