Some 14 railway projects in Java, Sumatra and Sulawesi has been financed by state sharia securities (sukuk) worth of Rp7.1 trillion. Transportation ministry is the most active in the use of state sukuk since 2013.
In 2013-2017 period, the ministry has used the funds from the state sukuk Rp16.71 trillion to build railroads in Java and Sumatra. In March 2018, government has issued global sukuk worth US$3 billion listed on Singapore Stock Exchange and Nasdaq Dubai.
