WAQF and Sukuk as economic financing sources in infrastructure development in Indonesia

Infrastructure development requires large long-term funds, so the funding must also be with long-term financing. Such infrastructure character requires an economical financing solution. A feasible solution is Waqf and sukuk, because the two sources are long-term and economical. The purpose of this research is to analyze and look for Waqf and sukuk funding models that can be used as an alternative infrastructure financing solution that is economical and does not burden the Indonesia State Budget (APBN) in infrastructure development in Indonesia. The approach is qualitative with case study strategies and technical narrative disctiptive analysis. Waqf and sukuk as an economical alternative financing solution for infrastructure development in Indonesia. Waqf and sukuk can be combined, ie waqf becomes a source of funds and can be securitized to be underlaying sukuk. The receipt of the results of the use of Waqf is then channeled to the beneficiaries of waqf (mauquf alaih). The beneficiary may be the government as an ABPN receipt and can be used to pay off the principal sukuk and / or take over its infrastructure assets. The economic infrastructure sukuk are musharakah sukuk, musharakah sukuk, sukuk murabahah and ijarah sukuk. Infrastructure financing sourced from Waqf and sukuk will alleviate the state budget because the return is not sourced from the state budget but from infrastructure revenues. Thus, funding for Waqf and sukuk infrastructure is an economic and feasible infrastructure financing model in Indonesia.