Upholding justice and anti-Riba principles in Indonesia’s BRICS infrastructure project

Zain, Khansa Nabila and Sumiati, Siti and Salleh, Wan Anisabanum (2025) Upholding justice and anti-Riba principles in Indonesia’s BRICS infrastructure project. Bulletin. Fakulti Pengurusan Perniagaan, UiTM Terengganu.
Abstract

The BRICS group (Brazil, Russia, India, China, and South Africa) has become an important actor in the global economy by initiating various infrastructure projects, including in Indonesia. This group was formed to represent the interests of developing countries in the international system. Initially started as an investment opportunit}7, BRICS now plays a strategic role in global economic transformation (Kakonen, 2014; Priangani, 2015). It is hoped that the infrastructure projects that they have initiated in Indonesia can accelerate development. However, this approach often gives rise to problems such as unfair distribution of benefits and dependence on interest-based debt (‘Riba’).

Item Details
Edit Item
Edit Item
Downloads & Files
[thumbnail of 130890.pdf]
Text
130890.pdf
Download (475kB)
Indexing & Metrics