Commercial &
Social Finance
Background
Funding/financing support is much needed in the development process, including in strengthening/increasing community empowerment. Currently, most development funding is met through commercially based financing. Meanwhile, there is a fairly large funding base, namely ZISWAF.
Traditionally, the use of social funds has been common in Indonesian society, both in the context of building religious facilities, education and for community empowerment programs. However, the program is very partial and has not been integrated into a national program that can be mobilized in attracting direct public participation in supporting development.
Commercial financial instruments also experienced a significant increase with more attractive contract modifications, especially in order to meet the right financing scheme for sharia business actors. Likewise with the SUKUK instrument, where Indonesia is the country with the largest number of global SUKUK issuances in the world today. Not only in terms of size, but also in terms of the variety of SUKUK features, Indonesia has launched Green Sukuk.
Objective
- To showcase social and commercial financial instruments supporting Indonesia’s sharia economy and finance