Infrastructure Financing through Islamic
Finance in the Islamic Countries
110
Issues Recommendations Implemented by
 While Malaysia has developed the
sukuk market, infrastructure
projects are funded by issuing
both sukuk and bonds.
 Issue more sukuk instead of bonds to
finance infrastructure projects since the
former has the potential to expand the
investor base by including both
conventional and Islamic investors.
 Capital market
authority
 Issuers (sovereign and
corporate)
Islamic Social Sector
 The use of both waqf and zakat
institutions can be enhanced to
provide social infrastructure
services by coming up with
innovative solutions. Zakat and
waqf are managed at the state
level in Malaysia.
 Increase the role of zakat and waqf by
taking initiatives and knowledge-sharing
programmes at the state level to develop
innovative models of using these
instruments to provide social
infrastructure services.
 State level Religious
Councils