Sarana Multi Infrastruktur (SMI) was established on the 26th February 2009 as a state-owned enterprise under the coordination of the Ministry of Finance. As a catalyst for the acceleration of national development, SMI runs its business through three pillars, which are (1) funding and investment — financing for infrastructure projects, (2) advisory services — solutions to the needs of professionals and experts in the infrastructure sector, and (3) project development — assistance for a government contracting agency in preparing public–private partnership project schemes.
SMI has various functions and unique features to support the acceleration of national development, not only through conventional financing products but also through Shariah financing products. In 2017, SMI introduced and established a Shariah business unit to accommodate Shariah financing and investment needs, as well as Shariah consultation services, to build a Shariah ecosystem within the financial industry that focuses on infrastructure and national development.