PHOTO
Jeddah, Kingdom of Saudi Arabia: The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group and the Financial Education and Training Agency (FETA) of the Indonesian Finance Ministry have jointly organized a training workshop on financing infrastructure projects through public-private partnerships (PPPs).
The workshop is part of IRTI’s capacity building programs aimed to develop competence and capacity of executive staff working in financial institutions in IsDB member countries to appreciate the differences between conventional and Islamic principles in infrastructure financing.
The program, held in Jakarta from 22 to 24 October 2018, was organized to support Indonesian authorities to build capacity in the area of PPPs so that the government could better utilize the PPP model as a tool to fill the infrastructure financing gap by efficiently accessing more private capital and expertise.
Director General of FETA, Mr. Harry Mulya, inaugurated the workshop, saying it would help participants to acquire essential knowledge about the PPP model and its importance to infrastructure and services procurement.
Participants of the workshop were from the Ministry of Finance, Indonesian universities, and Islamic Economic Academy TAZKIA. They went through technical and hands-on sessions during the program, which also covered the basic aspects of PPPs, process cycle, and recent applications and challenges in the PPP framework.
Other areas covered in the workshop included types of investments permissible in Islamic finance, sources of funds and types of PPPs depending on the origin of funding, as well as profit sharing and profit-and-loss models in Islamic finance.
In a closing remark, Dr. Pandu Patriadi, FETA’s head of planning and development, expressed appreciation to IRTI and IsDB for providing training services to the Indonesian Ministry of Finance, and called for deeper collaboration in the future.
About IRTI:
The Islamic Research and Training Institute (IRTI) is a Member of the Islamic Development Bank (IsDB) Group responsible for enabling the development and sustenance of a dynamic and comprehensive Islamic financial services industry, which supports socio-economic development of member countries and Muslim communities worldwide. More information about IRTI is available on www.irti.org. For media enquiries, contact Habeeb Idris Pindiga (hpindiga@isdb.org).
© Press Release 2018Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
