The Readiness of The Measuring Model of Infrastructure Provisioning Under Sharia Public-Private Partnerships Financing Scheme

Authors

  • Sugeng Santoso Department Management, Faculty of Economics and Business, Universitas Mercu Buana
  • Indra Siswanti Department Management, Faculty of Economics and Business, Universitas Mercu Buana
  • R. Nurhidajat Research Center for Cooperatives, Corporations, and People's Economy, BRIN
  • Salmi Mohd Isa Graduate School of Business, Universiti Sains Malaysia
  • Muhammad Ramadhani Marfatah Coordinating Ministry for Maritime and Investment Affairs

DOI:

https://doi.org/10.54471/iqtishoduna.v11i2.1656

Keywords:

model, measurement, infrastructure, sharia public-private partnerships

Abstract

Meeting the demands of infrastructure development is reliant on contributions from different parties, including government bodies and businesses. To fulfill this crucial goal, a financing scheme needs to be established, promoting collaboration among these stakeholders. This scheme enables effective contributions from both government and business entities. As the most populous Muslim country in the world, Indonesia is undergoing rapid advancements within the halal value chain, which includes the initiation of infrastructure provisioning through the Sharia-compliant Public-Private Partnerships (PPP) financing scheme. Therefore, this research assessed the Innovation Readiness Level (IRL) and Technology Readiness Level (TRL).  Employing a participatory approach through Focus Group Discussions (FGD), stakeholder dialogues were conducted to explore transportation infrastructure financing under the Sharia PPP scheme. The analysis gauged readiness levels using self-assessment for IRL and TRL, subsequently corroborated by respondents to ascertain their preparedness. This research yielded an analytical model to measure infrastructure financing readiness under the Sharia PPP scheme. The results indicated IRL 1, accompanied by a TRL 3. This showed the necessity of refining the readiness assessment model to enhance stakeholder comprehension of associated advantages. Ideally, IRL could be raised beyond 1, and achieving Katsinov 3 alongside TRL levels of 8 or 9 would greatly instill confidence among relevant stakeholders considering the adoption of the Sharia PPP financing scheme.

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Published

2022-10-01

How to Cite

Santoso, Sugeng, Indra Siswanti, R. Nurhidajat, Salmi Mohd Isa, and Muhammad Ramadhani Marfatah. “The Readiness of The Measuring Model of Infrastructure Provisioning Under Sharia Public-Private Partnerships Financing Scheme”. IQTISHODUNA: Jurnal Ekonomi Islam 11, no. 2 (October 1, 2022): 139–154. Accessed July 23, 2024. https://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/1656.

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