Indonesia earmarks $1 bln of infrastructure projects for Islamic financing
JAKARTA - Indonesia’s government is offering investors $37.3 billion worth of infrastructure projects, $1 billion of which is earmarked for Shariah-compliant financing, Ekoputro Adijayanto, CEO of the ministry of national development’s Center for Private Investment (PINA) told Salaam Gateway.
Adijayanto said around $300 million of the $1 billion earmarked for Islamic financing will be offered to investors from the Middle East and the remaining $700 million to local investors, including pension funds and insurance companies.
“So far countries like Oman and Qatar have shown interest, but they want to make sure that everything is Shariah-compliant, for example they require Indonesia’s national Shariah supervisory board (DSN) to be involved,” Adijayanto told Salaam Gateway.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
