Determining the Priority of Sukuk Problems in Indonesia

Abstract

This study aims to determine the priority of sukuk development problems in Indonesia using the Delphi method based on expert opinions. Data was obtained through interviews and questionnaires with 11 experts consisting of academics, practitioners, and regulators in the field of sukuk and Islamic economics. Based on a literature study, this study identified 12 main problem variables of sukuk, which were then evaluated using three main statistical indicators in the Delphi method, namely mean values, standard deviation, and interquartile range (IR). The results show that only one variable has reached full consensus, namely government commitment, which also ranks highest as the most crucial problem in the development of sukuk in Indonesia. Meanwhile, the other eleven variables have not reached the consensus level, despite having relatively high average values. These findings underscore the importance of the state's role in strengthening the sukuk ecosystem through sustainable fiscal policies, regulations, and institutional support.