Implementing Sukuk Financing in Indonesia: Policy Actions to Improve and Support Development Research and Development Infrastructure (RDI)

The Indonesian government realizes that developing alternative instruments for financing the state budget needs to continue—one of them with based on sharia principles. This study examines response in policy actions seek research and development infrastructure through Sukuk financing. uses a qualitative method narrative approach. three data collection techniques: regulatory survey, secondary research, Expert Elicitation Experts' Judgments. Meanwhile, analysis technique content analysis, stakeholder matrix, 're-analysis,' digital discourse analysis. results this reveal taken by are 1) form policies related Indonesia, issuing one regulation law, rule Government Regulation Republic four rules at level ministerial regulations. On other hand, mapping stakeholders show there clusters actors, namely decision makers, project initiators, support partners, civil society - media. 2) applicative action allocation sector, during 2018-2022, financed 41 projects from 10 ministries/agencies. In end, provides recommendations; namely, it is necessary diversify types can be so they follow Ministries/Agencies Local Governments.