Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal At-tijaroh: Jurnal Ilmu Manajemen dan Bisnis Islam
Wartowiyono, Sudadi Sugi
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Optimization Of The State Sukuk As An Instrument Of Natural Gas Downstream Financing To Support National Energy Security Wartowiyono, Sudadi Sugi; Ascarya, Ascarya
At-tijaroh: Jurnal Ilmu Manajemen dan Bisnis Islam Vol 11, No 2 (2025): DESEMBER 2025
Publisher : Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24952/tijaroh.v11i2.17220

Abstract

Limited funding for downstream natural gas infrastructure challenges Indonesia’s energy security. Relying on the State Budget (APBN) amid rising investment needs, this study explores state sukuk (Islamic bonds) as an alternative financing tool during a sustainable energy transition. Using a descriptive-qualitative approach, it analyzes secondary data from ministries, sukuk reports, literature, and interviews with seven experts (regulators), academics, and practitioners. Data analysis involved content analysis and the Analytic Network Process (ANP) to identify problems, priorities, and strategies. Results show regulatory gaps, limited financing, and immature project planning are key obstacles. State Sukuk is promising due to its asset-backed, Sharia-compliant nature and ability to attract investors, though its use is low compared to other methods. Findings highlight the need for consistent policies, robust economic assessments, and pilot projects to enhance Islamic finance's role in energy security. This study provides empirical insights into Sukuk Negara's strategic importance for Indonesia’s downstream natural gas infrastructure, integrates stakeholder perspectives with ANP, and offers a framework for policy development and future sharia-compliant energy financing.
Co-Authors Ascarya Ascarya