MODEL SUKUK DAERAH BERBASIS AKAD SYARIAH UNTUK PEMBIAYAAN INFRASTRUKTUR EKONOMI DAN SOSIAL DALAM KERANGKA DESENTRALISASI FISKAL DI INDONESIA
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Abstract
Desentralisasi fiskal di Indonesia masih terkendala oleh rendahnya kemandirian daerah, yang memicu defisit pembiayaan infrastruktur publik. Untuk mengatasi hal ini, studi konseptual ini menawarkan model Sukuk Daerah sebagai alternatif pendanaan lokal. Berdasarkan kajian literatur atas regulasi dan praktik terbaik negara OKI, penelitian ini merekomendasikan akad Ijarah berbasis aset untuk membiayai infrastruktur komersial. Sementara itu, infrastruktur sosial non-komersial diarahkan menggunakan akad Istishna tanpa kupon, Qard Al-Hasan, serta integrasi wakaf. Melalui instrumen syariah bebas bunga ini, daerah diharapkan mampu memobilisasi dana pembangunan secara mandiri sekaligus memperluas opsi kebijakan keuangan Islam di Indonesia.
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