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Improving Tourism Quality by Islamic Finance

Surya Bintarti and Mohammad Hatta Fahamsyah

European Research Studies Journal, 2018, vol. XXI, issue 1, 393-401

Abstract: Improving tourism quality to increase regional income and welfare of the citizens is the responsibility of regional government. And Islamic bonds or so-called sukuk could be one source of funding infrastructure provision.This study attempts to identify the potential of sukuk in Bekasi District using Financial Capability Index (FCI), Maximum Loan Index (MLI) and Financial Accountability Index (FAI) based on financial statements of Bekasi District.This is a descriptive research with quantitative approach for mapping the potential of sukuk of Bekasi District. A result of this study was to determine the potential issuance of sukuk in Bekasi to improve the quality of tourism. The benefits can be earned by Bekasi District Government and especially to their citizen.

Keywords: tourism quality; Islamic finance; Islamic municipal bonds (sukuk). (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:393-401