Sukuk As Financing In Rural Infrastructure

Sukuk As Financing In Rural Infrastructure-Indonesia has entered a new phase in the global development paradigm. MDGs program ended in 2015 and then forwarded to the Sustainable Development Goals (SDGs).

Evaluation can be considered from MDGs for constructing the central infrastructure in Indonesia. Moreover, the downward trend may indicate that more hard work still needs to be progressed in the agenda of SDGs.

Meanwhile, according to the World Economic Forum Indone, Asia’s infrastructure was rated 82 out of 148 countries, assess position is far below the ASEAN countries such as Singapore (5), Malaysia (25), and Thailand (61). Indonesia has villages that do not have roads that traverstraverseheeled vehicles, which is recent.

It certainly needs the government’s attention so that people can scan the rural infrastructure development. Of course, the more open road, the more people’s access to education facilities, health, and other services can be easier and more accessible and affordable.

Many opportunities to build rural infrastructure by using Sukuk are rural (BUMDes), policy support, rural and l infrastructure; the potential Sukuk market is vast.

Rural has  BUMDes

BUMDes is an economic institution that built its capital on the initiative of the community and the principles of self. This means fulfillment BUMDes venture capital should be sourced from the public.

Nevertheless, it is possible that BUMDes can apply for loan capital from outside parties, such as the village government or other parties, even with a third party. This is by the regulations by laws and regulations (Act 32 of 2004 on Regional Government Article 213, paragraph 3).

So the task of village-owned enterprises (BUMDes) is tasked to rural infrastructure by issuing Sukuk. The agency has an excellent opportunity to be able to build the infrastructure of the village because the agency operates onis of the principle of kinship and cooperation as well as rooted in values ​​that grow and live in the community (local wisdom);

the workforce empowered in BUMDes a potential workforforcexists in villages, Gains derived addressed to improve the welfare of rural communities and or concomitant capital, decision-making and problem-solving is done through village meetings, rules run as a policy BUMDes village (village policy), facilitated by the government, provincial government, local government, and Pemdes; Implementation BUMDes supervised activities together (Pemdes, BPD, members).

Policy Support

Total support of infrastructure financing through the issuance of Sukuk reflected the passing of Law No. 19 of 2008 concerning Government Securities or Sukuk. Lack of legislation has become the primary legal basis for the government to issue Sukuk.

In addition, the regulation authorizes the government to use the State Property (BMN) as an underlying asset and fund infrastructure development through the issuance of Sukuk.

Through this regulation, the government can regulate the composition of the distribution of Sukuk to finance the project so that the proceeds of the Sukuk can be directed to encourage the acceleration of infrastructure development.

Rural Infrastructure

The condition of infrastructure in rural areas is very worrying; lack of infrastructure is also the cause of underdeveloped rural do not develop.

During 2008- 2014, the percentage of villages in Indonesia that already enjoy access roads impassable or more cars throughout the year reached more than 80 percent, but there is a downward trend. In 2008 there were at 88.65 percent of villages already traversed the road with four-wheeled vehicles all year round.

The decline in 2011 amounted to 88.49 percent and reached 84.27 percent in 2014. More details can be illustrated again that still, villages do not have a way to pass a car equal to 6.91.

then if the public figure Viewed access to the Internet by area of ​​residence, the increase in the percentage of households with internet access is also going well in urban areas or rural.

Homes in urban areas have seen more than Internet access in rural areas. In 2011, households with internet access in urban areas were 39.46 percent, while in rural areas, it amounted to only 12.77 percent.

Even in 2014, urban households with Internet access reached more than 50 percent, which amounted to 50.53 percent, while rural areas only got 20.84 percent.

This is understandable, given that the media or the means to access the Internet is more widely available in urban areas than in rural. Such conditions would require massive financing to build the infrastructure of the village.

Needs huge funds Sukuk is an opportunity for the town to be more instrumental in encouraging infrastructure development. In addition, Sukuk can also give broader fiscal space for the government to allocate more state revenue sources for infrastructure funding.

Baca Juga:

The Potential Sukuk Market is very broad.

The economic development of Islam in Indonesia is so fantastic that it develops a consciousness to choose the appropriate investment instruments in sharia.

This awareness has been growing investor-minded ‘sharia minded’ or investment in Islamic instruments. On the other hand, Islamic investment instruments usually provide more exciting rewards than conventional investment instruments. It is an attraction for traditional investors to come to invest in Islamic instruments.

This condition would cause the market potential of Islamic tools is becoming more widespread. Likewise, with the Sukuk as an instrument of Sharia-compliant investment, this investment instrument would be owned by all people in all regions, so the potential market is becoming very widespread.

When this condition can be utilized, then the chances for infrastructure financing through the issuance of Sukuk will be huge.


The rural has the opportunity to grow in terms of infrastructure so that people can enjoy the building. Of course, the more open road, the people’s access to places of education facilities, health, and other services can be more accessible and more affordable.

Development task village-owned enterprises (BUMDes) to give attention to village assets, policy support, and the financing requirements of village infrastructure enormous, market potential Sukuk is widely expected to be an alternative solution to the government in financing the development of rural infrastructure. Therefore rural will develop to build rapidly and progress on the agenda of SDGs.

Publiash Jurnal in  Asyafina Jurnal

Related Articles


Your email address will not be published. Required fields are marked *

Click here to login or register