<![CDATA[ABSTRACTNowadays, Islamic financial concept has been comprehensively accepted in the world become an alternative for market that want shariah compliance. One of shariah financial instrument issued by states and corporates is sukuk. Sukuk is an interfaith financial institution cross cultur, and state that now become part of world financial system. Sukuk is not only used by Muslim countries, but has also been adopted and applied by non-Muslim countries. In addition, institutions that have become supporting infrastructure for global Islamic finance have also been established, such as Accounting and Auditing Organization for Islamic Institutions (AAOIFI), nternational Financial Service Board (IFSB), International Islamic Financial Market (IIFM), and Islamic Research and Training Institute (IRTI). To fulfill the need for development financing, Indonesia may consider Islamic products financing that has been known in International financial market such as Sukuk. Fortunately, Indonesia has ratified Sukuk Act therefore, Indonesia may issue an Islamic financial scheme. The funds owned by a number of Middle Eeast investors as well as western investors have invested in Islamic scheme finance. So Sukuk can be another alternative that can be offered by Indonesian government as a source of public funds to finance economic development.]]>
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